Rubellite Energy (TSE:RBY) Reaches New 12-Month Low - Should You Sell?

Shares of Rubellite Energy Inc. (TSE:RBY - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$1.89 and last traded at C$1.81, with a volume of 31347 shares changing hands. The stock had previously closed at C$1.93.

Analyst Ratings Changes

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

Rubellite Energy Trading Up 1.6 %

The company has a 50 day moving average of C$2.05 and a two-hundred day moving average of C$2.14. The stock has a market capitalization of C$168.56 million, a PE ratio of 3.64 and a beta of 1.05. 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, 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.