New Concept Energy (NYSE:GBR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of New Concept Energy (NYSE:GBRFree Report) in a report published on Friday. The firm 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 firm has a 50 day simple moving average of $1.18 and a 200 day simple moving average of $1.21. New Concept Energy has a 1-year low of $0.96 and a 1-year high of $1.82. The firm has a market capitalization of $5.82 million, a price-to-earnings ratio of -37.83 and a beta of 0.31.

About New Concept Energy

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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.

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