Rubellite Energy (TSE:RBY) Reaches New 1-Year High – Should You Buy?

Rubellite Energy Inc. (TSE:RBY)’s share price hit a new 52-week high on Friday . The company traded as high as C$3.70 and last traded at C$3.60, with a volume of 89375 shares traded. The stock had previously closed at C$3.52.

Rubellite Energy Stock Performance

The stock’s fifty day moving average price is C$3.24 and its two-hundred day moving average price is C$2.75. The company has a debt-to-equity ratio of 40.97, a quick ratio of 1.21 and a current ratio of 0.38. The company has a market cap of C$330.69 million, a P/E ratio of 44.13 and a beta of -0.36.

Rubellite Energy (TSE:RBY) last issued its quarterly earnings results on Monday, May 11th. The company reported C($0.25) earnings per share for the quarter. Rubellite Energy had a return on equity of 2.51% and a net margin of 3.70%.The firm had revenue of C$22.92 million for the quarter.

Insider Buying and Selling at Rubellite Energy

In other news, Director Ryan Shay sold 33,528 shares of the company’s 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 transaction of C$108,966.00. Following the completion of the sale, the director owned 525,660 shares of the company’s stock, valued at approximately C$1,708,395. This represents a 6.00% decrease in their position. Company insiders own 34.83% of the company’s stock.

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.