Rubellite Energy (TSE:RBY) Stock Price Up 2.5% – Still a Buy?

Rubellite Energy Inc. (TSE:RBY) was up 2.5% on Monday . The company traded as high as C$3.27 and last traded at C$3.23. Approximately 101,294 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 119,114 shares. The stock had previously closed at C$3.15.

Rubellite Energy Trading Up 2.5%

The firm has a market capitalization of C$302.59 million, a PE ratio of 9.50 and a beta of -0.50. The firm has a 50 day simple moving average of C$3.08 and a 200 day simple moving average of C$2.65. The company has a current ratio of 0.50, a quick ratio of 1.21 and a debt-to-equity ratio of 33.87.

Insider Activity

In related news, Director Ryan Shay sold 33,528 shares of the stock in a transaction on Thursday, March 26th. The stock was sold at an average price of C$3.25, for a total transaction of C$108,966.00. Following the sale, the director directly 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 insiders.

Rubellite Energy Company Profile

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.