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

StockNews.com started coverage on shares of New Concept Energy (NYSE:GBR) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.

New Concept Energy Trading Down 4.8 %

NYSE:GBR opened at $1.19 on Friday. The company has a market cap of $6.11 million, a PE ratio of -39.67 and a beta of 0.33. New Concept Energy has a twelve month low of $0.96 and a twelve month high of $1.82. The company’s 50 day moving average is $1.17 and its two-hundred day moving average is $1.29.

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.