Rubellite Energy (TSE:RBY) Trading 2.4% Higher – Should You Buy?

Rubellite Energy Inc. (TSE:RBY) was up 2.4% during mid-day trading on Monday . The stock traded as high as C$2.11 and last traded at C$2.11. Approximately 13,487 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 24,867 shares. The stock had previously closed at C$2.06.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RBY shares. BMO Capital Markets dropped their price objective on Rubellite Energy from C$4.00 to C$3.00 in a report on Friday, December 13th. Cormark upgraded Rubellite Energy to a “moderate buy” rating in a research note on Tuesday, November 5th.

Rubellite Energy Stock Performance

The stock has a market cap of C$142.61 million, a PE ratio of 6.21 and a beta of 1.05. The firm’s 50-day moving average is C$2.10 and its 200 day moving average is C$2.21. The company has a debt-to-equity ratio of 14.82, a quick ratio of 1.21 and a current ratio of 0.42.

Rubellite Energy (TSE:RBY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.23 EPS for the quarter, beating analysts’ consensus estimates 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%.

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.