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

Investment analysts at StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued on Monday. The firm set a “sell” rating on the stock.

New Concept Energy Price Performance

Shares of New Concept Energy stock opened at $1.25 on Monday. New Concept Energy has a 52-week low of $0.96 and a 52-week high of $1.82. The firm has a market capitalization of $6.41 million, a PE ratio of -41.67 and a beta of 0.33. The company’s fifty day moving average price is $1.18 and its two-hundred day moving average price is $1.27.

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.