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

Equities researchers at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Performance

Shares of New Concept Energy stock opened at $0.87 on Monday. New Concept Energy has a fifty-two week low of $0.86 and a fifty-two week high of $1.82. The company has a market capitalization of $4.46 million, a P/E ratio of -28.99 and a beta of 0.22. The company has a fifty day moving average of $1.13 and a 200 day moving average of $1.17.

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.