Rubellite Energy (TSE:RBY) Stock Price Up 0.9% – What’s Next?

Rubellite Energy Inc. (TSE:RBY) shares traded up 0.9% during trading on Friday . The stock traded as high as C$2.25 and last traded at C$2.25. 26,200 shares traded hands during trading, a decline of 28% from the average session volume of 36,477 shares. The stock had previously closed at C$2.23.

Analyst Ratings Changes

Separately, Atb Cap Markets raised Rubellite Energy to a “strong-buy” rating in a report on Monday, July 29th.

Rubellite Energy Trading Up 0.9 %

The company has a 50 day simple moving average of C$2.34 and a 200 day simple moving average of C$2.42. The company has a current ratio of 0.42, a quick ratio of 1.21 and a debt-to-equity ratio of 14.82. The stock has a market capitalization of C$152.08 million, a PE ratio of 6.62 and a beta of 1.10.

Rubellite Energy (TSE:RBY) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter. Rubellite Energy had a net margin of 20.43% and a return on equity of 11.06%. The business had revenue of C$35.80 million for the quarter. Analysts predict that Rubellite Energy Inc. will post 0.5801527 earnings per share for the current fiscal year.

Rubellite Energy Company Profile

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.