Rubellite Energy (TSE:RBY) Insider Jeff Green Sells 46,636 Shares

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

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 value 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%

TSE:RBY traded down C$0.01 on Monday, hitting C$4.46. 45,306 shares of the stock were exchanged, compared to its average volume of 125,870. The stock 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 52 week low of C$2.14 and a 52 week high of C$4.83. The company has a debt-to-equity ratio of 33.54, a quick ratio of 1.21 and a current ratio of 0.43. The company’s 50-day moving average price is C$4.24 and its 200 day moving average price is C$3.61.

Rubellite Energy (TSE:RBY) last issued 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 for 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.