Insider Selling: Rubellite Energy (TSE:RBY) Director Sells C$108,966.00 in Stock

Rubellite Energy Inc. (TSE:RBY) Director Ryan Shay sold 33,528 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were 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 directly owned 525,660 shares in the company, valued at approximately C$1,708,395. The trade was a 6.00% decrease in their ownership of the stock.

Rubellite Energy Stock Down 5.1%

Rubellite Energy stock opened at C$3.36 on Thursday. The company has a debt-to-equity ratio of 33.87, a current ratio of 0.50 and a quick ratio of 1.21. The stock has a market capitalization of C$314.47 million, a PE ratio of 9.88 and a beta of 0.09. The business has a 50 day simple moving average of C$2.87 and a 200-day simple moving average of C$2.53. Rubellite Energy Inc. has a 12 month low of C$1.59 and a 12 month high of C$3.70.

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.