Rubellite Energy (TSE:RBY) Trading 0.3% Higher – Still a Buy?

Rubellite Energy Inc. (TSE:RBY)’s share price traded up 0.3% during trading on Friday . The company traded as high as C$3.46 and last traded at C$3.43. 43,928 shares were traded during trading, a decline of 67% from the average session volume of 135,092 shares. The stock had previously closed at C$3.42.

Rubellite Energy Stock Performance

The company has a quick ratio of 1.21, a current ratio of 0.38 and a debt-to-equity ratio of 40.97. The company has a market cap of C$321.64 million, a P/E ratio of 42.88 and a beta of -0.86. The business has a fifty day moving average of C$3.31 and a 200 day moving average of C$2.84.

Rubellite Energy (TSE:RBY) last posted its quarterly earnings data on Monday, May 11th. The company reported C($0.25) EPS for the quarter. Rubellite Energy had a return on equity of 2.51% and a net margin of 3.70%.The business had revenue of C$22.92 million for the quarter.

Insider Transactions at Rubellite Energy

In other Rubellite Energy news, Director Ryan Shay sold 33,528 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of C$3.25, for a total value of C$108,966.00. Following the completion of the sale, the director directly owned 525,660 shares in the company, valued at approximately C$1,708,395. This represents a 6.00% decrease in their position. 34.83% of the stock is currently owned by insiders.

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.