Rubellite Energy (TSE:RBY) Trading Up 3.5% – Here’s What Happened

Rubellite Energy Inc. (TSE:RBY) traded up 3.5% during trading on Monday . The stock traded as high as C$4.15 and last traded at C$4.12. 162,572 shares were traded during trading, an increase of 26% from the average session volume of 129,423 shares. The stock had previously closed at C$3.98.

Rubellite Energy Price Performance

The company has a debt-to-equity ratio of 40.97, a current ratio of 0.38 and a quick ratio of 1.21. The firm has a market cap of C$386.35 million, a P/E ratio of 51.50 and a beta of -0.87. The stock’s 50-day simple moving average is C$3.45 and its two-hundred day simple moving average is C$3.09.

Rubellite Energy (TSE:RBY) last announced its 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 during the quarter. Rubellite Energy had a net margin of 3.70% and a return on equity of 2.51%.

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.