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

Research analysts at StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a report released on Sunday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Up 4.2 %

Shares of NYSE GBR opened at $1.24 on Friday. The stock’s 50 day moving average price is $1.18 and its two-hundred day moving average price is $1.28. New Concept Energy has a 52-week low of $0.96 and a 52-week high of $1.82. The stock has a market capitalization of $6.36 million, a P/E ratio of -41.33 and a beta of 0.33.

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.