New Concept Energy (NYSE:GBR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research note released on Tuesday. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

NYSE:GBR opened at $0.88 on Tuesday. New Concept Energy has a one year low of $0.82 and a one year high of $1.82. The company has a market cap of $4.52 million, a PE ratio of -29.34 and a beta of 0.22. The firm has a 50-day moving average of $1.09 and a 200-day moving average of $1.15.

About New Concept Energy

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.