Shares of Rubellite Energy Inc. (TSE:RBY - Get Free Report) shot up 2.4% during trading on Monday . The stock traded as high as C$2.11 and last traded at C$2.11. 13,487 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 24,867 shares. The stock had previously closed at C$2.06.
Analysts Set New Price Targets
Several equities analysts recently weighed in on RBY shares. Cormark raised shares of Rubellite Energy to a "moderate buy" rating in a research note on Tuesday, November 5th. BMO Capital Markets cut their price objective on Rubellite Energy from C$4.00 to C$3.00 in a research report on Friday, December 13th.
Get Our Latest Research Report on RBY
Rubellite Energy Stock Down 2.4 %
The business has a 50-day moving average price of C$2.10 and a 200 day moving average price of C$2.20. The company has a current ratio of 0.42, a quick ratio of 1.21 and a debt-to-equity ratio of 14.82. The stock has a market capitalization of C$139.24 million, a P/E ratio of 6.06 and a beta of 1.05.
Rubellite Energy (TSE:RBY - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.23 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.08. Rubellite Energy had a net margin of 20.43% and a return on equity of 11.06%.
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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