StockNews.com Begins Coverage on New Concept Energy (NYSE:GBR)

Stock analysts at StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBR) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the stock.

New Concept Energy Stock Down 6.3 %

Shares of NYSE:GBR opened at $0.84 on Tuesday. The firm has a market cap of $4.33 million, a price-to-earnings ratio of -28.15 and a beta of 0.22. New Concept Energy has a 12 month low of $0.82 and a 12 month high of $1.82. The company’s fifty day simple moving average is $1.10 and its 200 day simple moving average is $1.15.

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.