Insider Selling: Rubellite Energy (TSE:RBY) Insider Sells 46,636 Shares of Stock

Rubellite Energy Inc. (TSE:RBY) insider Jeff Green sold 46,636 shares of Rubellite Energy stock in a transaction dated Friday, September 11th. The shares were sold at an average price of C$4.40, for a total transaction of C$205,198.40. Following the sale, the insider owned 58,866 shares in the company, valued at approximately C$259,010.40. This represents a 44.20% decrease in their ownership of the stock.

Jeff Green also recently made the following trade(s):

• On Thursday, September 10th, Jeff Green sold 73,664 shares of Rubellite Energy stock. The shares were sold at an average price of C$4.40, for a total transaction of C$324,121.60.
• On Wednesday, September 9th, Jeff Green sold 9,700 shares of Rubellite Energy stock. The stock was sold at an average price of C$4.40, for a total value of C$42,680.00.

Rubellite Energy Trading Down 0.2%

Shares of Rubellite Energy stock traded down C$0.01 on Monday, reaching C$4.46. 45,306 shares of the company were exchanged, compared to its average volume of 125,870. The stock has a fifty day moving average price of C$4.24 and a 200-day moving average price of C$3.61. The company has a current ratio of 0.43, a quick ratio of 1.21 and a debt-to-equity ratio of 33.54. The firm has a market capitalization of C$418.98 million, a price-to-earnings ratio of 16.52 and a beta of -0.97. Rubellite Energy Inc. has a fifty-two week low of C$2.14 and a fifty-two week high of C$4.83.

Rubellite Energy (TSE:RBY) last released its earnings results on Monday, August 10th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company had revenue of C$95.38 million during the quarter. Rubellite Energy had a net margin of 11.09% and a return on equity of 7.79%.

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.