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

Equities research analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a report issued on Tuesday. The firm set a “sell” rating on the stock.

New Concept Energy Price Performance

GBR stock opened at $1.13 on Tuesday. The company’s 50 day simple moving average is $1.18 and its 200-day simple moving average is $1.24. The firm has a market capitalization of $5.80 million, a PE ratio of -37.67 and a beta of 0.33. New Concept Energy has a 12 month low of $0.96 and a 12 month 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.