Rubellite Energy (TSE:RBY) Releases Quarterly Earnings Results

Rubellite Energy (TSE:RBY) announced its quarterly earnings data on Monday. The company reported C($0.25) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$22.92 million for the quarter. Rubellite Energy had a net margin of 3.70% and a return on equity of 2.51%.

Rubellite Energy Stock Performance

Shares of RBY opened at C$3.38 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.21 and a current ratio of 0.38. The company has a market capitalization of C$316.64 million, a price-to-earnings ratio of 9.94 and a beta of -0.36. Rubellite Energy has a 1 year low of C$1.70 and a 1 year high of C$3.70. The company’s 50 day simple moving average is C$3.20 and its 200 day simple moving average is C$2.73.

Insiders Place Their Bets

In other Rubellite Energy news, Director Ryan Shay sold 33,528 shares of the 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 transaction of C$108,966.00. Following 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 ownership of the stock. 34.83% of the stock is currently owned by corporate insiders.

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.