Rubellite Energy (TSE:RBY) Sets New 1-Year High – Here’s What Happened

Rubellite Energy Inc. (TSE:RBYGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$4.70 and last traded at C$4.66, with a volume of 34403 shares traded. The stock had previously closed at C$4.57.

Rubellite Energy Price Performance

The business’s 50 day moving average is C$3.61 and its 200-day moving average is C$3.21. The company has a quick ratio of 1.21, a current ratio of 0.38 and a debt-to-equity ratio of 40.97. The firm has a market capitalization of C$436.99 million, a P/E ratio of 58.25 and a beta of -0.87.

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

Rubellite Energy Company Profile

(Get Free Report)

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.

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