New Concept Energy (NYSE:GBR) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR – Get Rating) in a report released on Tuesday. The brokerage set a “sell” rating on the stock.

New Concept Energy Price Performance

GBR opened at $1.09 on Tuesday. New Concept Energy has a fifty-two week low of $1.03 and a fifty-two week high of $3.95. The firm’s fifty day moving average price is $1.22 and its two-hundred day moving average price is $1.29. The company has a market capitalization of $5.52 million, a P/E ratio of 36.35 and a beta of 0.68.

About New Concept Energy

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New Concept Energy, Inc engages in the provision of real estate rental services. It also maintains property and liability insurance intended to cover claims for its real estate and corporate operations. The company was founded in 1978 and is headquartered in Dallas, TX.