Jeff Green Sells 46,636 Shares of Rubellite Energy (TSE:RBY) Stock

Rubellite Energy Inc. (TSE:RBY) insider Jeff Green sold 46,636 shares of Rubellite Energy stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of C$4.40, for a total transaction of C$205,198.40. Following the completion of the transaction, the insider directly owned 58,866 shares in the company, valued at C$259,010.40. This trade represents a 44.20% decrease in their ownership of the stock.

Jeff Green also recently made the following trade(s):

• On Thursday, September 10th, Jeff Green sold 73,664 shares of Rubellite Energy stock. The shares were sold at an average price of C$4.40, for a total transaction of C$324,121.60.
• On Wednesday, September 9th, Jeff Green sold 9,700 shares of Rubellite Energy stock. The stock was sold at an average price of C$4.40, for a total value of C$42,680.00.

Rubellite Energy Trading Up 3.4%

Shares of RBY stock opened at C$4.58 on Wednesday. The stock’s fifty day moving average price is C$4.29 and its two-hundred day moving average price is C$3.64. The company has a market cap of C$430.25 million, a PE ratio of 16.96 and a beta of -0.97. Rubellite Energy Inc. has a fifty-two week low of C$2.14 and a fifty-two week high of C$4.83. The company has a debt-to-equity ratio of 33.54, a quick ratio of 1.21 and a current ratio of 0.43.

Rubellite Energy (TSE:RBY) last posted its quarterly earnings results on Monday, August 10th. The company reported C$0.35 EPS for the quarter. Rubellite Energy had a return on equity of 7.79% and a net margin of 11.09%.The company had revenue of C$95.38 million during the quarter.

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.