Rubellite Energy (TSE:RBY) Reaches New 12-Month High – Should You Buy?

Rubellite Energy Inc. (TSE:RBY) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$3.70 and last traded at C$3.55, with a volume of 112469 shares traded. The stock had previously closed at C$3.41.

Rubellite Energy Stock Up 3.8%

The business has a 50 day moving average of C$2.90 and a two-hundred day moving average of C$2.55. The stock has a market capitalization of C$331.32 million, a PE ratio of 10.41 and a beta of -0.50. The company has a debt-to-equity ratio of 33.87, a quick ratio of 1.21 and a current ratio of 0.50.

Insider Buying and Selling

In other Rubellite Energy news, Director Ryan Shay sold 33,528 shares of the stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of C$3.25, for a total transaction of C$108,966.00. Following the completion of the sale, the director directly owned 525,660 shares of the company’s stock, valued at approximately C$1,708,395. This represents a 6.00% decrease in their ownership of the stock. Corporate 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.