Rubellite Energy (TSE:RBY) Insider Jeff Green Sells 73,664 Shares of Stock

Rubellite Energy Inc. (TSE:RBY) insider Jeff Green sold 73,664 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of C$4.40, for a total transaction of C$324,121.60. Following the transaction, the insider directly owned 105,502 shares of the company’s stock, valued at approximately C$464,208.80. This trade represents a 41.11% decrease in their ownership of the stock.

Jeff Green also recently made the following trade(s):

• On Wednesday, September 9th, Jeff Green sold 9,700 shares of Rubellite Energy stock. The stock was sold at an average price of C$4.40, for a total transaction of C$42,680.00.

Rubellite Energy Stock Up 1.6%

TSE RBY opened at C$4.47 on Friday. The company has a debt-to-equity ratio of 33.54, a current ratio of 0.43 and a quick ratio of 1.21. The stock has a market capitalization of C$419.92 million, a PE ratio of 16.56 and a beta of -0.97. Rubellite Energy Inc. has a 1 year low of C$2.13 and a 1 year high of C$4.83. The business’s 50-day moving average is C$4.24 and its 200 day moving average is C$3.60.

Rubellite Energy (TSE:RBY) last announced its quarterly earnings results on Monday, August 10th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company had revenue of C$95.38 million for the quarter. Rubellite Energy had a return on equity of 7.79% and a net margin of 11.09%.

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.