Rubellite Energy (TSE:RBY) Reaches New 52-Week Low - Here's Why

Shares of Rubellite Energy Inc. (TSE:RBY - Get Free Report) reached a new 52-week low on Friday . The company traded as low as C$1.67 and last traded at C$1.74, with a volume of 40862 shares. The stock had previously closed at C$1.90.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut their price target on Rubellite Energy from C$4.00 to C$3.00 in a report on Friday, December 13th.

Rubellite Energy Stock Performance

The firm has a market cap of C$150.33 million, a price-to-earnings ratio of 3.25 and a beta of 1.05. 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's 50 day moving average is C$1.92 and its 200 day moving average is C$2.06.

Rubellite Energy Company Profile

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.