Rubellite Energy (TSE:RBY) Stock Price Up 6.9% - Here's What Happened

Key Points

• Rubellite Energy Inc. saw a significant stock price increase of 6.9% during mid-day trading, reaching a last traded price of C$2.33.
• The trading volume for the stock surged to approximately 59,250 shares, an increase of 92% compared to its average daily volume.
• Rubellite specializes in Clearwater oil exploration and has a market capitalization of C$212.29 million with a price-to-earnings ratio of 4.59.

Rubellite Energy Inc. (TSE:RBY - ) rose 6.9% during mid-day trading on Tuesday . The stock traded as high as C$2.35 and last traded at C$2.33. Approximately 59,250 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 30,845 shares. The stock had previously closed at C$2.18.

Rubellite Energy Stock Performance

The firm has a market capitalization of C$212.29 million, a price-to-earnings ratio of 4.59 and a beta of 1.05. The company has a debt-to-equity ratio of 38.92, a current ratio of 0.46 and a quick ratio of 1.21. The firm has a 50 day moving average price of C$2.04 and a 200-day moving average price of C$1.90.

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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