Rubellite Energy (TSE:RBY) Reaches New 1-Year High – Still a Buy?

Shares of Rubellite Energy Inc. (TSE:RBY) hit a new 52-week high on Thursday . The stock traded as high as C$4.63 and last traded at C$4.60, with a volume of 131670 shares. The stock had previously closed at C$4.33.

Rubellite Energy Trading Up 6.2%

The company has a debt-to-equity ratio of 40.97, a current ratio of 0.38 and a quick ratio of 1.21. The business’s fifty day simple moving average is C$3.49 and its 200 day simple moving average is C$3.12. The stock has a market cap of C$431.36 million, a price-to-earnings ratio of 57.50 and a beta of -0.87.

Rubellite Energy (TSE:RBY) last announced its quarterly earnings results on Monday, May 11th. The company reported C($0.25) earnings per share for the quarter. Rubellite Energy had a return on equity of 2.51% and a net margin of 3.70%.The company had revenue of C$22.92 million for the quarter.

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.