Rubellite Energy Inc. (TSE:RBY) Senior Officer Sells C$44,231.30 in Stock

Rubellite Energy Inc. (TSE:RBY) Senior Officer Ryan Goosen sold 19,057 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of C$2.32, for a total value of C$44,231.30.

Rubellite Energy Stock Up 0.5 %

Shares of TSE:RBY traded up C$0.01 during trading on Monday, hitting C$2.20. The stock had a trading volume of 3,401 shares, compared to its average volume of 84,159. Rubellite Energy Inc. has a 12 month low of C$1.58 and a 12 month high of C$2.87. The company has a market capitalization of C$136.05 million, a PE ratio of 3.53 and a beta of 2.04. The firm’s fifty day moving average is C$2.09 and its 200 day moving average is C$2.07. The company has a quick ratio of 1.21, a current ratio of 0.54 and a debt-to-equity ratio of 6.67.

Rubellite Energy (TSE:RBY) last posted its quarterly earnings data on Thursday, August 10th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. Rubellite Energy had a return on equity of 19.30% and a net margin of 59.13%. The company had revenue of C$18.86 million during the quarter, compared to analyst estimates of C$17.00 million. Analysts anticipate that Rubellite Energy Inc. will post 0.5104895 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on RBY. BMO Capital Markets lowered their price target on Rubellite Energy from C$3.25 to C$2.75 in a research report on Thursday, July 13th. Stifel Nicolaus increased their target price on Rubellite Energy from C$2.75 to C$3.50 in a research report on Monday, August 14th. Finally, Raymond James increased their target price on Rubellite Energy from C$3.00 to C$3.50 in a research report on Friday, September 8th.

Rubellite Energy Company Profile

Rubellite Energy Inc engages in the exploration, development, production, and sale of heavy crude oil from the Clearwater Formation in Eastern Alberta. The company was incorporated in 2021 and is headquartered in Calgary, Canada. Rubellite Energy Inc is a subsidiary of Perpetual Energy Inc