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

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

New Concept Energy Trading Up 0.0 %

GBR opened at $0.87 on Monday. The business has a 50 day moving average of $1.13 and a 200-day moving average of $1.16. The stock has a market capitalization of $4.46 million, a price-to-earnings ratio of -29.00 and a beta of 0.22. New Concept Energy has a 1-year low of $0.84 and a 1-year 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.