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

Equities researchers at StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a report released on Friday. The brokerage set a “sell” rating on the stock.

New Concept Energy Price Performance

Shares of GBR stock opened at $1.14 on Friday. The firm has a market capitalization of $5.82 million, a price-to-earnings ratio of -37.83 and a beta of 0.31. The business has a fifty day moving average of $1.18 and a 200 day moving average of $1.21. New Concept Energy has a 1 year low of $0.96 and a 1 year high of $1.82.

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.