Rubellite Energy (TSE:RBY) Shares Up 2.5% – Here’s What Happened

Rubellite Energy Inc. (TSE:RBY)’s share price shot up 2.5% during trading on Monday. The stock traded as high as C$4.21 and last traded at C$4.16. Approximately 71,565 shares were traded during trading, a decline of 41% from the average session volume of 121,074 shares. The stock had previously closed at C$4.06.

Rubellite Energy Stock Performance

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 fifty day simple moving average of C$4.35 and a two-hundred day simple moving average of C$3.76. The firm has a market capitalization of C$389.86 million, a P/E ratio of 15.37 and a beta of -0.74.

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

Insider Activity at Rubellite Energy

In related news, insider Jeff Green sold 46,636 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of C$4.40, for a total value of C$205,198.40. Following the completion of the sale, the insider directly owned 58,866 shares of the company’s stock, valued at C$259,010.40. The trade was a 44.20% decrease in their position. In the last three months, insiders sold 130,000 shares of company stock valued at $572,000. Company 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.