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 research report report published on Friday. The firm issued a sell rating on the stock.

New Concept Energy Stock Down 1.3 %

GBR stock opened at $1.14 on Friday. The company has a fifty day simple moving average of $1.18 and a two-hundred day simple moving average of $1.21. The firm has a market capitalization of $5.82 million, a P/E ratio of -37.83 and a beta of 0.31. New Concept Energy has a 52 week low of $0.96 and a 52 week 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.