New Concept Energy (NYSE:GBR) Now Covered by Analysts at StockNews.com

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

New Concept Energy Price Performance

NYSE:GBR opened at $1.15 on Tuesday. The firm has a 50-day moving average of $1.18 and a two-hundred day moving average of $1.25. The stock has a market cap of $5.90 million, a P/E ratio of -38.33 and a beta of 0.33. New Concept Energy has a 1-year low of $0.96 and a 1-year high of $1.82.

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.