Rubellite Energy (TSE:RBY) Issues Quarterly Earnings Results

Rubellite Energy (TSE:RBY) posted its earnings results on Monday. The company reported C($0.29) EPS for the quarter, FiscalAI reports. The business had revenue of C$14.54 million for the quarter. Rubellite Energy had a net margin of 11.09% and a return on equity of 7.79%.

Rubellite Energy Stock Down 7.5%

Rubellite Energy stock opened at C$3.20 on Wednesday. The business has a fifty day moving average of C$4.27 and a two-hundred day moving average of C$3.64. The company has a quick ratio of 1.21, a current ratio of 0.43 and a debt-to-equity ratio of 33.54. The firm has a market cap of C$300.61 million, a P/E ratio of 11.85 and a beta of -0.55. Rubellite Energy has a twelve month low of C$2.17 and a twelve month high of C$4.83.

Insider Transactions at Rubellite Energy

In other Rubellite Energy news, insider Jeff Green sold 46,636 shares of the stock in a transaction on Friday, September 11th. The stock was 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 of the company’s stock, valued at approximately C$259,010.40. This trade represents a 44.20% decrease in their position. Over the last quarter, insiders sold 130,000 shares of company stock worth $572,000. 34.83% of the stock is currently owned by company insiders.

Rubellite Energy Company Profile

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.