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

StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a report published on Friday morning. The firm issued a sell rating on the stock.

New Concept Energy Price Performance

Shares of New Concept Energy stock opened at $0.74 on Friday. The firm has a market cap of $3.79 million, a price-to-earnings ratio of -24.63 and a beta of 0.10. The stock’s 50-day moving average is $0.93 and its 200 day moving average is $1.10. New Concept Energy has a one year low of $0.68 and a one year high of $1.82.

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.