Rubellite Energy (TSE:RBY) Stock Price Up 0.4% – Still a Buy?

Rubellite Energy Inc. (TSE:RBYGet Free Report)’s share price was up 0.4% during trading on Thursday . The company traded as high as C$2.48 and last traded at C$2.41. Approximately 11,533 shares traded hands during trading, a decline of 67% from the average daily volume of 35,294 shares. The stock had previously closed at C$2.40.

Rubellite Energy Stock Performance

The company has a market capitalization of C$225.55 million, a PE ratio of 4.02 and a beta of 0.38. The stock’s fifty day simple moving average is C$2.39 and its 200-day simple moving average is C$2.25. The company has a debt-to-equity ratio of 38.92, a quick ratio of 1.21 and a current ratio of 0.46.

Rubellite Energy (TSE:RBYGet Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.06 earnings per share for the quarter. Rubellite Energy had a net margin of 25.91% and a return on equity of 15.64%. The business had revenue of C$97.17 million during the quarter.

About Rubellite Energy

(Get Free Report)

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.

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