Rubellite Energy (TSE:RBY) Insider Sells C$42,680.00 in Stock

Rubellite Energy Inc. (TSE:RBY) insider Jeff Green sold 9,700 shares of Rubellite Energy stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of C$4.40, for a total transaction of C$42,680.00. Following the sale, the insider directly owned 179,166 shares in the company, valued at approximately C$788,330.40. The trade was a 5.14% decrease in their position.

Rubellite Energy Stock Performance

Rubellite Energy stock remained flat at C$4.40 during mid-day trading on Thursday. The company had a trading volume of 90,518 shares, compared to its average volume of 126,236. The firm has a market cap of C$413.34 million, a price-to-earnings ratio of 16.30 and a beta of -0.97. Rubellite Energy Inc. has a 52 week low of C$2.13 and a 52 week high of C$4.83. The company has a quick ratio of 1.21, a current ratio of 0.43 and a debt-to-equity ratio of 33.54. The business has a 50-day moving average price of C$4.19 and a two-hundred day moving average price of C$3.59.

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

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.