New Concept Energy (NYSE:GBR) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued to investors on Sunday. The firm set a “sell” rating on the stock.

New Concept Energy Stock Performance

Shares of New Concept Energy stock opened at $1.06 on Friday. New Concept Energy has a 52-week low of $1.01 and a 52-week high of $1.82. The stock has a market capitalization of $5.44 million, a PE ratio of -35.33 and a beta of 0.22. The company has a 50-day simple moving average of $1.17 and a two-hundred day simple moving average of $1.18.

New Concept Energy Company Profile

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.