Rubellite Energy (TSE:RBY) Trading 0.4% Higher – Here’s What Happened

Rubellite Energy Inc. (TSE:RBY)’s share price traded up 0.4% during mid-day trading on Tuesday . The stock traded as high as C$2.30 and last traded at C$2.28. 23,626 shares were traded during mid-day trading, a decline of 23% from the average session volume of 30,700 shares. The stock had previously closed at C$2.27.

Rubellite Energy Trading Up 0.4%

The stock has a market capitalization of C$213.38 million, a price-to-earnings ratio of 3.80 and a beta of 0.71. The company’s 50 day moving average is C$2.38 and its 200 day moving average is C$2.20. The company has a debt-to-equity ratio of 38.92, a quick ratio of 1.21 and a current ratio of 0.46.

Rubellite Energy (TSE:RBY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$97.17 million for the quarter. Rubellite Energy had a net margin of 25.91% and a return on equity of 15.64%.

Rubellite Energy Company Profile

Rubellite Energy Inc is a Canadian energy company. It is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.