Rubellite Energy (TSE:RBY) Trading Up 0.3% – Here’s What Happened

Shares of Rubellite Energy Inc. (TSE:RBY) traded up 0.3% on Friday . The stock traded as high as C$3.46 and last traded at C$3.43. 43,928 shares traded hands 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 Price Performance

The company has a debt-to-equity ratio of 40.97, a quick ratio of 1.21 and a current ratio of 0.38. 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 firm has a 50 day moving average price of C$3.31 and a two-hundred day moving average price of C$2.84.

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

Insider Buying and Selling at Rubellite Energy

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

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.