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New Concept Energy Inc - $GBR STOCK NEWS

Welcome to our dedicated page for New Concept Energy news (Ticker: $GBR), a resource for investors and traders seeking the latest updates and insights on New Concept Energy stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New Concept Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New Concept Energy's position in the market.

Rhea-AI Summary
New Concept Energy, Inc. (NYSE American: GBR) reported a net loss of $39,000 for Q4 2023 compared to a net income of $11,000 in Q4 2022. For the full year 2023, the company reported a net loss of $21,000 compared to a net income of $181,000 in 2022. Revenues remained stable, with a decline in management fees due to lower oil and gas prices.
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5.66%
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Rhea-AI Summary
New Concept Energy, Inc. (NYSE American: GBR) reports Q3 2023 net income of $7,000, down from $27,000 in 2022, with revenue of $35,000, including $25,000 for rental revenue and $10,000 for management fees. The company attributes the reduction in revenue for management fees to a lower selling price for oil and gas. Corporate general & administrative expenses were $70,000, slightly lower than the comparable periods in 2022.
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New Concept Energy Inc

NYSE:GBR

GBR Rankings

GBR Stock Data

6.31M
3.73M
27.18%
2.28%
0.49%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
DALLAS

About GBR

new energy concepts is an information technology and services company located in 36 w front st, keyport, new jersey, united states.