Rubellite Energy (TSE:RBY) Shares Up 1.5% - Should You Buy?

Rubellite Energy Inc. (TSE:RBY - Get Free Report) rose 1.5% during trading on Tuesday . The company traded as high as C$2.01 and last traded at C$2.00. Approximately 11,915 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 24,654 shares. The stock had previously closed at C$1.97.

Analysts Set New Price Targets

RBY has been the subject of a number of analyst reports. Cormark raised Rubellite Energy to a "moderate buy" rating in a research report on Tuesday, November 5th. BMO Capital Markets lowered their price target on Rubellite Energy from C$4.00 to C$3.00 in a research report on Friday, December 13th.

Rubellite Energy Price Performance

The stock has a market cap of C$177.67 million, a P/E ratio of 3.84 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. The business has a 50 day simple moving average of C$2.06 and a 200-day simple moving average of C$2.17.

About Rubellite Energy

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.