Rubellite Energy (TSE:RBY) Posts Quarterly Earnings Results

Rubellite Energy (TSE:RBY) posted its quarterly earnings results on Monday. The company reported C($0.25) EPS for the quarter, FiscalAI reports. The company had revenue of C$22.92 million for the quarter. Rubellite Energy had a return on equity of 9.87% and a net margin of 13.89%.

Rubellite Energy Price Performance

TSE RBY opened at C$3.26 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 0.50 and a debt-to-equity ratio of 33.87. The stock has a market capitalization of C$305.40 million, a PE ratio of 9.59 and a beta of -0.36. The company has a 50 day moving average price of C$3.19 and a two-hundred day moving average price of C$2.72. Rubellite Energy has a 12-month low of C$1.70 and a 12-month high of C$3.70.

Insider Transactions at Rubellite Energy

In other Rubellite Energy news, Director Ryan Shay sold 33,528 shares of Rubellite Energy stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of C$3.25, for a total value of C$108,966.00. Following the completion of the sale, the director directly owned 525,660 shares in the company, valued at C$1,708,395. The trade was a 6.00% decrease in their ownership of the stock. 34.83% of the stock is owned by company insiders.

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.