StockNews.com Begins Coverage on New Concept Energy (NYSE:GBR)

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

New Concept Energy Price Performance

NYSE:GBR opened at $1.15 on Friday. The firm has a market cap of $5.87 million, a price-to-earnings ratio of -38.17 and a beta of 0.31. The company has a 50 day moving average price of $1.18 and a 200-day moving average price of $1.21. New Concept Energy has a 1-year low of $0.96 and a 1-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.