New Concept Energy (NYSE:GBR) Now Covered by StockNews.com

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

New Concept Energy Price Performance

Shares of New Concept Energy stock opened at $1.18 on Wednesday. New Concept Energy has a 1 year low of $0.96 and a 1 year high of $1.82. The firm has a market cap of $6.05 million, a price-to-earnings ratio of -39.33 and a beta of 0.31. The company has a 50-day moving average of $1.18 and a 200 day moving average of $1.23.

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.