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 Tuesday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Down 1.7 %

Shares of GBR stock opened at $1.19 on Tuesday. The stock has a market capitalization of $6.10 million, a PE ratio of -39.67 and a beta of 0.33. New Concept Energy has a 52-week low of $0.96 and a 52-week high of $1.82. The stock’s 50-day moving average price is $1.18 and its 200 day moving average price is $1.25.

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.