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 note issued to investors on Tuesday. The brokerage issued a sell rating on the stock.

New Concept Energy Stock Up 0.4%

Shares of NYSE GBR opened at $0.91 on Tuesday. The firm has a market cap of $4.66 million, a price-to-earnings ratio of -30.29 and a beta of -0.16. New Concept Energy has a 52-week low of $0.67 and a 52-week high of $1.82. The business’s 50 day moving average is $0.80 and its two-hundred day moving average is $1.04.

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.