Rubellite Energy (TSE:RBY - Free Report) had its price objective decreased by BMO Capital Markets from C$4.00 to C$3.00 in a report released on Friday,BayStreet.CA reports.
Separately, Cormark raised shares of Rubellite Energy to a "moderate buy" rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$3.28.
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Rubellite Energy Stock Performance
RBY stock traded down C$0.01 during midday trading on Friday, hitting C$1.93. 20,507 shares of the company traded hands, compared to its average volume of 35,119. Rubellite Energy has a twelve month low of C$1.87 and a twelve month high of C$2.93. The stock has a market capitalization of C$130.45 million, a price-to-earnings ratio of 5.68 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 0.42 and a debt-to-equity ratio of 14.82. The business has a 50 day simple moving average of C$2.13 and a 200-day simple moving average of C$2.26.
About Rubellite Energy
(
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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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