StockNews.com Begins Coverage on New Concept Energy (NYSE:GBR)

StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBRGet Rating) in a report released on Sunday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Performance

Shares of GBR opened at $1.50 on Friday. The firm has a market cap of $7.70 million, a PE ratio of 50.02 and a beta of 0.40. The company’s 50 day simple moving average is $1.53 and its 200-day simple moving average is $2.23. New Concept Energy has a 12-month low of $1.33 and a 12-month high of $6.25.

New Concept Energy (NYSE:GBRGet Rating) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share for the quarter. New Concept Energy had a return on equity of 1.89% and a net margin of 59.15%. The firm had revenue of $0.05 million during the quarter.

New Concept Energy Company Profile

(Get Rating)

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.

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