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

Analysts at StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBR) in a note issued to investors on Monday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Performance

Shares of GBR opened at $1.25 on Monday. The stock has a fifty day moving average price of $1.18 and a two-hundred day moving average price of $1.27. The company has a market cap of $6.41 million, a price-to-earnings ratio of -41.67 and a beta of 0.33. New Concept Energy has a 52-week low of $0.96 and a 52-week high of $1.82.

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.