Rubellite Energy (TSE:RBY) Stock Price Up 0.4% – Should You Buy?

Rubellite Energy Inc. (TSE:RBYGet Free Report)’s share price rose 0.4% during mid-day trading on Monday . The company traded as high as C$2.45 and last traded at C$2.44. Approximately 50,928 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 30,016 shares. The stock had previously closed at C$2.43.

Rubellite Energy Stock Performance

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 market capitalization of C$228.35 million, a PE ratio of 4.07 and a beta of 0.60. The company’s fifty day simple moving average is C$2.35 and its 200 day simple moving average is C$2.13.

Rubellite Energy (TSE:RBYGet Free Report) 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

(Get Free Report)

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.

See Also

Receive News & Ratings for Rubellite Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rubellite Energy and related companies with MarketBeat.com's FREE daily email newsletter.