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

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

New Concept Energy Stock Performance

NYSE GBR opened at $0.90 on Tuesday. The business’s fifty day moving average is $1.10 and its 200 day moving average is $1.16. New Concept Energy has a fifty-two week low of $0.84 and a fifty-two week high of $1.82. The company has a market capitalization of $4.62 million, a PE ratio of -30.03 and a beta of 0.22.

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.