Rubellite Energy (TSE:RBY) Sets New 1-Year High – Here’s What Happened

Rubellite Energy Inc. (TSE:RBY) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.83 and last traded at C$4.67, with a volume of 62257 shares trading hands. The stock had previously closed at C$4.60.

Rubellite Energy Stock Up 0.2%

The company has a debt-to-equity ratio of 33.54, a quick ratio of 1.21 and a current ratio of 0.43. The stock has a market capitalization of C$432.13 million, a price-to-earnings ratio of 17.04 and a beta of -0.87. The firm’s fifty day simple moving average is C$3.92 and its 200 day simple moving average is C$3.42.

Rubellite Energy (TSE:RBY) last announced its quarterly earnings results on Monday, August 10th. The company reported C$0.35 earnings per share for the quarter. Rubellite Energy had a net margin of 11.09% and a return on equity of 7.79%. The firm had revenue of C$95.38 million for the quarter.

About Rubellite Energy

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.