New Concept Energy (NYSE:GBR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research report report published on Wednesday. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of NYSE GBR opened at $0.73 on Wednesday. The firm has a market cap of $3.74 million, a price-to-earnings ratio of -24.27 and a beta of 0.22. The stock’s fifty day moving average price is $1.06 and its two-hundred day moving average price is $1.14. New Concept Energy has a one year low of $0.72 and a one year high of $1.82.

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.