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

Stock analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the stock.

New Concept Energy Stock Performance

Shares of NYSE:GBR opened at $1.18 on Thursday. The company has a market capitalization of $6.06 million, a P/E ratio of -39.33 and a beta of 0.31. The company’s 50-day moving average is $1.18 and its 200 day moving average is $1.21. New Concept Energy has a fifty-two week low of $0.96 and a fifty-two week 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.