Rubellite Energy (TSE:RBY) Hits New 1-Year High – Still a Buy?

Shares of Rubellite Energy Inc. (TSE:RBY) hit a new 52-week high during trading on Friday . The stock traded as high as C$3.70 and last traded at C$3.60, with a volume of 89375 shares changing hands. The stock had previously closed at C$3.52.

Rubellite Energy Price Performance

The company has a debt-to-equity ratio of 40.97, a quick ratio of 1.21 and a current ratio of 0.38. The company has a market cap of C$336.31 million, a PE ratio of 10.56 and a beta of -0.36. The company’s 50-day simple moving average is C$3.23 and its 200 day simple moving average is C$2.74.

Rubellite Energy (TSE:RBY) last issued its quarterly earnings results on Monday, May 11th. The company reported C($0.25) EPS for the quarter. Rubellite Energy had a net margin of 3.70% and a return on equity of 2.51%. The business had revenue of C$22.92 million during the quarter.

Insider Buying and Selling

In other Rubellite Energy news, Director Ryan Shay sold 33,528 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of C$3.25, for a total value of C$108,966.00. Following the completion of the transaction, the director owned 525,660 shares of the company’s stock, valued at C$1,708,395. This trade represents a 6.00% decrease in their position. 34.83% of the stock is owned by corporate insiders.

Rubellite Energy Company Profile

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.