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

StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research report sent to investors on Wednesday. The firm issued a sell rating on the stock.

New Concept Energy Stock Down 1.9 %

Shares of GBR opened at $0.71 on Wednesday. The stock’s 50-day moving average price is $1.04 and its 200 day moving average price is $1.13. The firm has a market capitalization of $3.63 million, a price-to-earnings ratio of -23.57 and a beta of 0.22. New Concept Energy has a 12-month low of $0.68 and a 12-month high of $1.82.

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.