Rubellite Energy (TSE:RBY) Insider Jeff Green Sells 9,700 Shares

Rubellite Energy Inc. (TSE:RBY) insider Jeff Green sold 9,700 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of C$4.40, for a total transaction of C$42,680.00. Following the completion of the sale, the insider directly owned 179,166 shares in the company, valued at approximately C$788,330.40. This represents a 5.14% decrease in their position.

Rubellite Energy Stock Performance

Shares of RBY stock opened at C$4.40 on Friday. The company has a debt-to-equity ratio of 33.54, a current ratio of 0.43 and a quick ratio of 1.21. Rubellite Energy Inc. has a one year low of C$2.13 and a one year high of C$4.83. The business’s 50 day simple moving average is C$4.22 and its 200 day simple moving average is C$3.60. The stock has a market capitalization of C$413.34 million, a PE ratio of 16.30 and a beta of -0.97.

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

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.