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Rubellite Energy (TSE:RBY) Shares Up 2.1% - Still a Buy?

Rubellite Energy logo with Energy background

Shares of Rubellite Energy Inc. (TSE:RBY - Get Free Report) were up 2.1% on Friday . The company traded as high as C$1.98 and last traded at C$1.98. Approximately 14,806 shares were traded during trading, a decline of 48% from the average daily volume of 28,657 shares. The stock had previously closed at C$1.94.

Rubellite Energy Price Performance

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 stock has a market capitalization of C$177.67 million, a PE ratio of 3.84 and a beta of 1.05. The firm has a 50 day moving average price of C$1.86 and a 200 day moving average price of C$1.91.

About Rubellite Energy

(Get Free Report)

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.

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