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

Posted by on Apr 12th, 2025

Analysts at StockNews.com began coverage on shares of New Concept Energy (NYSE:GBR – Get Free Report) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the stock.

New Concept Energy Price Performance

GBR opened at $0.72 on Thursday. The firm’s fifty day moving average price is $0.97 and its 200 day moving average price is $1.11. The stock has a market capitalization of $3.67 million, a PE ratio of -23.83 and a beta of 0.10. New Concept Energy has a 12-month low of $0.68 and a 12-month high of $1.82.

About New Concept Energy

(Get Free Report)

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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