New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBRFree Report) in a research report report published on Saturday morning. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

NYSE:GBR opened at $1.05 on Friday. The business’s 50-day moving average is $1.18 and its two-hundred day moving average is $1.20. The firm has a market capitalization of $5.39 million, a PE ratio of -35.00 and a beta of 0.31. New Concept Energy has a 12 month low of $1.00 and a 12 month high of $1.82.

New Concept Energy Company Profile

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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.

Further Reading

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