Rubellite Energy (TSE:RBY) Stock Price Down 1.3% - Here's What Happened

Key Points

• Rubellite Energy Inc. shares declined by 1.3%, trading as low as C$2.21, with a last trading price of C$2.26.
• The company's market cap is C$210.88 million, with a P/E ratio of 2.94 and a beta of 0.71, indicating relatively stable stock performance.
• Rubellite Energy is focused on Clearwater oil exploration and development, utilizing advanced multi-lateral horizontal drilling technology.

Rubellite Energy Inc. (TSE:RBY - ) shares traded down 1.3% on Thursday . The company traded as low as C$2.21 and last traded at C$2.26. 8,657 shares changed hands during trading, a decline of 72% from the average session volume of 30,401 shares. The stock had previously closed at C$2.29.

Rubellite Energy Stock Down 1.3%

The business's fifty day moving average is C$2.20 and its two-hundred day moving average is C$1.97. The company has a market cap of C$210.88 million, a P/E ratio of 2.94 and a beta of 0.71. The company has a debt-to-equity ratio of 38.92, a quick ratio of 1.21 and a current ratio of 0.46.

Rubellite Energy Company Profile

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.

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