Rubellite Energy (OTC:RUBLF) Trading 1.2% Higher – Still a Buy?

Shares of Rubellite Energy Inc. (OTC:RUBLFGet Free Report) were up 1.2% during mid-day trading on Monday . The company traded as high as $1.74 and last traded at $1.74. Approximately 20,200 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 10,128 shares. The stock had previously closed at $1.72.

Rubellite Energy Price Performance

The business has a fifty day simple moving average of $1.68 and a two-hundred day simple moving average of $1.55.

About Rubellite Energy

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Rubellite Energy Inc, an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company operates in the Figure Lake area located in southwest of Lac La Biche, Alberta; the Marten Hills area is located in the northeast of Slave Lake; and the Ukalta area is located in the northeast of Edmonton, Alberta.

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