Rubellite Energy (TSE:RBY) Sets New 1-Year High – What’s Next?

Rubellite Energy Inc. (TSE:RBY) reached a new 52-week high on Monday . The stock traded as high as C$3.73 and last traded at C$3.67, with a volume of 170567 shares traded. The stock had previously closed at C$3.43.

Rubellite Energy Trading Up 10.5%

The company has a current ratio of 0.38, a quick ratio of 1.21 and a debt-to-equity ratio of 40.97. The firm has a fifty day simple moving average of C$3.31 and a two-hundred day simple moving average of C$2.84. The firm has a market cap of C$355.40 million, a PE ratio of 47.38 and a beta of -0.86.

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

Insiders Place Their Bets

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

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.