Rubellite Energy (TSE:RBY) Shares Up 1.7% - Should You Buy?

Rubellite Energy Inc. (TSE:RBY - Get Free Report)'s share price shot up 1.7% during mid-day trading on Monday . The company traded as high as C$1.82 and last traded at C$1.80. 13,975 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 23,025 shares. The stock had previously closed at C$1.77.

Rubellite Energy Stock Up 2.3%

The firm's fifty day simple moving average is C$1.76 and its 200 day simple moving average is C$1.93. The company has a current ratio of 0.46, a quick ratio of 1.21 and a debt-to-equity ratio of 38.92. The company has a market cap of C$159.45 million, a price-to-earnings ratio of 3.45 and a beta of 1.05.

About Rubellite Energy

Rubellite Energy Inc, an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company operates in the Figure Lake area located in southwest of Lac La Biche, Alberta; the Marten Hills area is located in the northeast of Slave Lake; and the Ukalta area is located in the northeast of Edmonton, Alberta.