New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research note published on Monday. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of GBR stock opened at $0.87 on Monday. New Concept Energy has a fifty-two week low of $0.84 and a fifty-two week high of $1.82. The stock’s 50-day moving average is $1.13 and its two-hundred day moving average is $1.16. The firm has a market cap of $4.46 million, a P/E ratio of -29.00 and a beta of 0.22.

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.