Rubellite Energy (TSE:RBY) Reaches New 52-Week High – Here’s What Happened

Rubellite Energy Inc. (TSE:RBY)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$2.75 and last traded at C$2.59, with a volume of 25843 shares. The stock had previously closed at C$2.61.

Rubellite Energy Stock Down 0.8%

The company has a debt-to-equity ratio of 38.92, a current ratio of 0.46 and a quick ratio of 1.21. The firm has a 50 day simple moving average of C$2.40 and a two-hundred day simple moving average of C$2.29. The stock has a market cap of C$242.39 million, a price-to-earnings ratio of 4.32 and a beta of 0.38.

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

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.