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

StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a research report released on Sunday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Price Performance

GBR stock opened at $0.97 on Friday. The company has a fifty day moving average price of $1.16 and a two-hundred day moving average price of $1.18. The stock has a market cap of $4.96 million, a price-to-earnings ratio of -32.21 and a beta of 0.22. New Concept Energy has a one year low of $0.94 and a one year high of $1.82.

About New Concept Energy

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.