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

StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued to investors on Friday morning. The brokerage issued a sell rating on the stock.

New Concept Energy Trading Down 1.3 %

New Concept Energy stock opened at $1.14 on Friday. The business’s 50 day simple moving average is $1.18 and its 200 day simple moving average is $1.21. New Concept Energy has a 12 month low of $0.96 and a 12 month high of $1.82. The company has a market cap of $5.82 million, a price-to-earnings ratio of -37.83 and a beta of 0.31.

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.