Rubellite Energy (TSE:RBY) Sets New 12-Month High – Still a Buy?

Rubellite Energy Inc. (TSE:RBY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.73 and last traded at C$3.67, with a volume of 170567 shares changing hands. The stock had previously closed at C$3.43.

Rubellite Energy Trading Up 2.9%

The firm’s 50-day simple moving average is C$3.32 and its 200 day simple moving average is C$2.86. The stock has a market cap of C$365.72 million, a P/E ratio of 48.75 and a beta of -0.86. The company has a current ratio of 0.38, a quick ratio of 1.21 and a debt-to-equity ratio of 40.97.

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

Insiders Place Their Bets

In related news, Director Ryan Shay sold 33,528 shares of the stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of C$3.25, for a total value of C$108,966.00. Following the completion of the transaction, the director owned 525,660 shares in the company, valued at C$1,708,395. This represents a 6.00% decrease in their position. 34.83% of the stock is owned by insiders.

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.