Rubellite Energy (TSE:RBY) Trading 0.9% Higher - What's Next?

Shares of Rubellite Energy Inc. (TSE:RBY - Get Free Report) shot up 0.9% during mid-day trading on Friday . The stock traded as high as C$2.25 and last traded at C$2.25. 26,200 shares changed hands during trading, a decline of 28% from the average session volume of 36,477 shares. The stock had previously closed at C$2.23.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets raised Rubellite Energy to a "strong-buy" rating in a research note on Monday, July 29th.

Rubellite Energy Price Performance

The company has a 50 day moving average of C$2.34 and a 200 day moving average of C$2.42. The company has a debt-to-equity ratio of 14.82, a quick ratio of 1.21 and a current ratio of 0.42. The stock has a market capitalization of C$152.08 million, a price-to-earnings ratio of 6.62 and a beta of 1.10.

Rubellite Energy (TSE:RBY - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.19 EPS for the quarter. The business had revenue of C$35.80 million during the quarter. Rubellite Energy had a return on equity of 11.06% and a net margin of 20.43%. As a group, equities research analysts anticipate that Rubellite Energy Inc. will post 0.5801527 EPS for the current year.

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.