New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated 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 Price Performance

Shares of GBR stock opened at $0.84 on Tuesday. The company has a fifty day moving average price of $1.10 and a two-hundred day moving average price of $1.15. New Concept Energy has a one year low of $0.82 and a one year high of $1.82. The stock has a market cap of $4.33 million, a P/E ratio of -28.15 and a beta of 0.22.

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.