Rubellite Energy (TSE:RBY) Trading 3.5% Higher – Should You Buy?

Rubellite Energy Inc. (TSE:RBY) was up 3.5% during mid-day trading on Monday . The stock traded as high as C$4.15 and last traded at C$4.12. 162,572 shares traded hands during trading, an increase of 26% from the average session volume of 129,423 shares. The stock had previously closed at C$3.98.

Rubellite Energy Trading Up 3.5%

The stock has a market cap of C$386.35 million, a P/E ratio of 51.50 and a beta of -0.87. The company has a debt-to-equity ratio of 40.97, a quick ratio of 1.21 and a current ratio of 0.38. The stock’s fifty day moving average is C$3.45 and its 200 day moving average is C$3.09.

Rubellite Energy (TSE:RBY) last issued its quarterly earnings data on Monday, May 11th. The company reported C($0.25) earnings per share for the quarter. Rubellite Energy had a return on equity of 2.51% and a net margin of 3.70%.The company had revenue of C$22.92 million for 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.