Rubellite Energy (TSE:RBY) Sets New 12-Month High – Still a Buy?

Rubellite Energy Inc. (TSE:RBYGet Free Report)’s stock price hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$2.61.

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 business has a 50 day moving average price of C$2.41 and a 200 day moving average price of C$2.29. The stock has a market capitalization of C$243.33 million, a PE ratio of 4.33 and a beta of 0.38.

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

About Rubellite Energy

(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.

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