New Concept Energy (NYSE:GBR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBRGet Rating) in a research report released on Tuesday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Stock Performance

Shares of New Concept Energy stock opened at $1.25 on Tuesday. New Concept Energy has a one year low of $1.04 and a one year high of $6.25. The company has a market cap of $6.41 million, a PE ratio of 41.67 and a beta of 0.63. The business has a 50-day simple moving average of $1.30 and a 200-day simple moving average of $1.56.

New Concept Energy Company Profile

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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.

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