New Concept Energy (NYSE:GBR) Now Covered by Analysts at StockNews.com

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

New Concept Energy Trading Down 2.8 %

Shares of NYSE GBR opened at $1.23 on Wednesday. The firm has a market capitalization of $6.28 million, a PE ratio of -40.83 and a beta of 0.31. The firm’s 50-day moving average is $1.18 and its 200-day moving average is $1.23. New Concept Energy has a 1 year low of $0.96 and a 1 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.