Rubellite Energy (TSE:RBY) Trading 0.4% Higher – Time to Buy?

Rubellite Energy Inc. (TSE:RBY) traded up 0.4% during mid-day trading on Thursday . The stock traded as high as C$2.48 and last traded at C$2.41. 11,533 shares changed hands during trading, a decline of 67% from the average session volume of 35,294 shares. The stock had previously closed at C$2.40.

Rubellite Energy Price Performance

The company has a debt-to-equity ratio of 38.92, a quick ratio of 1.21 and a current ratio of 0.46. The firm has a market capitalization of C$224.61 million, a P/E ratio of 4.00 and a beta of 0.38. The business has a fifty day moving average of C$2.39 and a 200-day moving average of C$2.25.

Rubellite Energy (TSE:RBY) last announced its earnings results on Wednesday, November 5th. The company reported C$0.06 earnings per share for the quarter. Rubellite Energy had a return on equity of 15.64% and a net margin of 25.91%.The firm had revenue of C$97.17 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.