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

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

New Concept Energy Price Performance

GBR stock opened at $0.87 on Monday. New Concept Energy has a 12 month low of $0.86 and a 12 month high of $1.82. The firm has a market cap of $4.46 million, a PE ratio of -29.00 and a beta of 0.22. The firm has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.17.

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.