Rubellite Energy (TSE:RBY) Trading Down 1.5% – What’s Next?

Rubellite Energy Inc. (TSE:RBYGet Free Report)’s stock price traded down 1.5% during trading on Monday . The company traded as low as C$3.30 and last traded at C$3.30. Approximately 23,409 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 132,904 shares. The stock had previously closed at C$3.35.

Rubellite Energy Price Performance

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 company has a market capitalization of C$309.45 million, a P/E ratio of 41.25 and a beta of -0.86. The business’s fifty day moving average price is C$3.37 and its 200-day moving average price is C$2.97.

Rubellite Energy (TSE:RBYGet Free Report) last released its earnings results on Monday, May 11th. The company reported C($0.25) EPS for the quarter. The firm had revenue of C$22.92 million during the quarter. Rubellite Energy had a net margin of 3.70% and a return on equity of 2.51%.

Rubellite Energy Company Profile

(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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