Rubellite Energy (TSE:RBY) Reaches New 12-Month High – Should You Buy?

Rubellite Energy Inc. (TSE:RBY) shares reached a new 52-week high on Thursday . The company traded as high as C$4.63 and last traded at C$4.60, with a volume of 131670 shares. The stock had previously closed at C$4.33.

Rubellite Energy Price Performance

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 company has a market cap of C$431.36 million, a price-to-earnings ratio of 57.50 and a beta of -0.87. The company’s 50 day moving average price is C$3.49 and its 200-day moving average price is C$3.12.

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