New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research report issued on Monday. The firm set a “sell” rating on the stock.

New Concept Energy Stock Down 1.2 %

Shares of NYSE:GBR opened at $1.19 on Monday. New Concept Energy has a 12 month low of $0.96 and a 12 month high of $1.82. The company’s fifty day simple moving average is $1.18 and its 200 day simple moving average is $1.27. The firm has a market cap of $6.08 million, a price-to-earnings ratio of -39.50 and a beta of 0.33.

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.