New Concept Energy, Inc. (GBR) stock is down 3.11% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GBR Stock Today?
New Concept Energy, Inc. (GBR) stock is up 6.85% while the S&P 500 has fallen -0.42% as of 2:00 PM on Tuesday, Mar 30. GBR is up $0.30 from the previous closing price of $4.38 on volume of 2,284,238 shares. Over the past year the S&P 500 has risen 50.55% while GBR is up 654.84%. GBR earned $0.38 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.75.
More About New Concept Energy, Inc.
New Concept Energy Inc is an oil and gas company which through its subsidiaries, owns and operates oil and gas wells and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia. The company operates through one segments comprising oil and gas operations.