Rubellite Energy (OTC:RUBLF) Stock Price Down 15.6%

Rubellite Energy Inc. (OTC:RUBLFGet Rating)’s stock price fell 15.6% during trading on Tuesday . The company traded as low as $1.24 and last traded at $1.24. 1,200 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 12,859 shares. The stock had previously closed at $1.47.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their target price on shares of Rubellite Energy from C$2.85 to C$3.00 in a research report on Monday, March 13th.

Rubellite Energy Stock Performance

The firm’s 50-day moving average is $1.59 and its 200-day moving average is $1.62.

Rubellite Energy Company Profile

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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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