Rubellite Energy (TSE:RBY) Announces Earnings Results

Rubellite Energy (TSE:RBY) released its quarterly earnings results on Monday. The company reported C($0.29) EPS for the quarter, FiscalAI reports. Rubellite Energy had a net margin of 11.09% and a return on equity of 7.79%. The company had revenue of C$14.54 million during the quarter.

Rubellite Energy Price Performance

RBY opened at C$3.59 on Monday. Rubellite Energy has a 1 year low of C$2.17 and a 1 year high of C$4.83. 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 company has a market capitalization of C$337.25 million, a price-to-earnings ratio of 13.30 and a beta of -0.55. The firm’s fifty day moving average price is C$4.32 and its two-hundred day moving average price is C$3.63.

Insider Activity at Rubellite Energy

In other news, insider Jeff Green sold 46,636 shares of the stock in a transaction dated Friday, September 11th. The shares were 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 owned 58,866 shares in the company, valued at C$259,010.40. This represents a 44.20% decrease in their ownership of the stock. Insiders have sold a total of 130,000 shares of company stock valued at $572,000 in the last three months. Corporate 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.