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

StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBR) in a report released on Thursday. The firm set a “sell” rating on the stock.

New Concept Energy Stock Up 0.9 %

Shares of GBR stock opened at $1.18 on Thursday. The stock has a 50-day simple moving average of $1.18 and a 200 day simple moving average of $1.22. New Concept Energy has a fifty-two week low of $0.96 and a fifty-two week high of $1.82. The stock has a market capitalization of $6.05 million, a P/E ratio of -39.33 and a beta of 0.31.

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.