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

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research report sent to investors on Tuesday. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

GBR opened at $0.88 on Tuesday. The firm has a market capitalization of $4.52 million, a P/E ratio of -29.34 and a beta of 0.22. New Concept Energy has a one year low of $0.82 and a one year high of $1.82. The company has a fifty day moving average price of $1.09 and a 200-day moving average price of $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.