New Concept Energy (NYSE:GBR) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Up 4.2 %

Shares of New Concept Energy stock opened at $1.24 on Friday. The business has a fifty day simple moving average of $1.18 and a 200-day simple moving average of $1.28. New Concept Energy has a fifty-two week low of $0.96 and a fifty-two week high of $1.82. The firm has a market cap of $6.36 million, a price-to-earnings ratio of -41.33 and a beta of 0.33.

New Concept Energy Company Profile

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.