Rubellite Energy (TSE:RBY) Stock Price Down 1.9% – What’s Next?

Rubellite Energy Inc. (TSE:RBYGet Free Report)’s share price dropped 1.9% during trading on Friday . The stock traded as low as C$2.63 and last traded at C$2.63. Approximately 15,600 shares were traded during trading, a decline of 74% from the average daily volume of 60,025 shares. The stock had previously closed at C$2.68.

Rubellite Energy Stock Performance

The stock has a 50-day moving average of C$2.48 and a 200 day moving average of C$2.36. The firm has a market capitalization of C$246.14 million, a P/E ratio of 4.38 and a beta of 0.04. The company has a debt-to-equity ratio of 38.92, a quick ratio of 1.21 and a current ratio of 0.46.

About Rubellite Energy

(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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