Rubellite Energy (TSE:RBY) Cut to Hold at Stifel Nicolaus

Stifel Nicolaus lowered shares of Rubellite Energy (TSE:RBYGet Rating) from a buy rating to a hold rating in a report published on Friday, BayStreet.CA reports.

RBY has been the topic of a number of other reports. Cormark upgraded shares of Rubellite Energy from a buy rating to a top pick rating and increased their price target for the company from C$6.75 to C$7.25 in a research report on Monday, April 18th. Raymond James set a C$6.00 target price on shares of Rubellite Energy and gave the stock an outperform rating in a report on Thursday, April 7th. Finally, Stifel Firstegy restated a buy rating on shares of Rubellite Energy in a report on Thursday, March 31st.

Shares of TSE:RBY traded down C$0.09 during mid-day trading on Friday, reaching C$3.90. The stock had a trading volume of 447,571 shares, compared to its average volume of 203,164. The company has a market capitalization of C$213.42 million and a price-to-earnings ratio of 3.94. The company has a debt-to-equity ratio of 392.73, a current ratio of 1.23 and a quick ratio of 1.21. Rubellite Energy has a twelve month low of C$2.10 and a twelve month high of C$5.05.

About Rubellite Energy (Get Rating)

Rubellite Energy Inc engages in the exploration, development, production, and sale of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company was incorporated in 2021 and is headquartered in Calgary, Canada. Rubellite Energy Inc is a subsidiary of Perpetual Energy Inc

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