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

Analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Down 1.7 %

NYSE GBR opened at $1.13 on Tuesday. The stock has a market capitalization of $5.80 million, a P/E ratio of -37.67 and a beta of 0.33. New Concept Energy has a 52-week low of $0.96 and a 52-week high of $1.82. The firm has a 50-day moving average price of $1.18 and a 200 day moving average price of $1.24.

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.