Rubellite Energy (TSE:RBY) Issues Quarterly Earnings Results

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

Rubellite Energy Price Performance

Rubellite Energy stock opened at C$3.46 on Tuesday. The company has a debt-to-equity ratio of 33.54, a current ratio of 0.43 and a quick ratio of 1.21. The stock has a market cap of C$325.04 million, a price-to-earnings ratio of 12.81 and a beta of -0.55. The firm has a 50-day moving average of C$4.30 and a two-hundred day moving average of C$3.64. Rubellite Energy has a 1 year low of C$2.17 and a 1 year high of C$4.83.

Insider Activity at Rubellite Energy

In other news, insider Jeff Green sold 73,664 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of C$4.40, for a total transaction of C$324,121.60. Following the transaction, the insider directly owned 105,502 shares of the company’s stock, valued at approximately C$464,208.80. This trade represents a 41.11% decrease in their ownership of the stock. Insiders have sold 130,000 shares of company stock worth $572,000 over the last 90 days. Company insiders own 34.83% of the company’s stock.

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.