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 report issued on Saturday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Price Performance

NYSE GBR opened at $1.05 on Friday. The company has a market capitalization of $5.39 million, a price-to-earnings ratio of -35.00 and a beta of 0.31. New Concept Energy has a 12 month low of $1.00 and a 12 month high of $1.82. The company’s fifty day moving average price is $1.18 and its two-hundred day moving average price is $1.20.

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.