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

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

New Concept Energy Price Performance

Shares of NYSE GBR opened at $0.72 on Thursday. The firm has a market capitalization of $3.67 million, a PE ratio of -23.83 and a beta of 0.10. New Concept Energy has a 1-year low of $0.68 and a 1-year high of $1.82. The business’s fifty day moving average price is $0.97 and its two-hundred day moving average price is $1.11.

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.