Rubellite Energy (OTC:RUBLF) Shares Down 4.3% – Here’s What Happened

Rubellite Energy Inc. (OTC:RUBLF)’s share price traded down 4.3% during trading on Thursday . The stock traded as low as $1.91 and last traded at $1.91. 2,100 shares changed hands during trading, a decline of 70% from the average session volume of 7,075 shares. The stock had previously closed at $1.9950.

Rubellite Energy Price Performance

The company’s 50-day simple moving average is $1.76 and its 200-day simple moving average is $1.67.

About Rubellite Energy

Rubellite Energy Inc, an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company operates in the Figure Lake area located in southwest of Lac La Biche, Alberta; the Marten Hills area is located in the northeast of Slave Lake; and the Ukalta area is located in the northeast of Edmonton, Alberta. It also operates various parcels of lands in the Peavine, Dawson, Cadotte, and Cranberry Lake areas. The company was incorporated in 2021 and is headquartered in Calgary, Canada.