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

StockNews.com assumed coverage on shares of New Concept Energy (NYSE:GBRFree Report) in a research report report published on Wednesday morning. The firm issued a sell rating on the stock.

New Concept Energy Stock Performance

Shares of NYSE GBR opened at $0.71 on Wednesday. The business’s 50-day simple moving average is $1.04 and its 200-day simple moving average is $1.13. New Concept Energy has a 52 week low of $0.68 and a 52 week high of $1.82. The firm has a market cap of $3.63 million, a price-to-earnings ratio of -23.57 and a beta of 0.22.

New Concept Energy Company Profile

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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.

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