Rubellite Energy (TSE:RBY) Insider Jeff Green Sells 9,700 Shares

by · The Markets Daily

Rubellite Energy Inc. (TSE:RBY – Get Free Report) insider Jeff Green sold 9,700 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of C$4.40, for a total transaction of C$42,680.00. Following the transaction, the insider owned 179,166 shares of the company’s stock, valued at C$788,330.40. This represents a 5.14% decrease in their ownership of the stock.

Rubellite Energy Stock Performance

RBY remained flat at C$4.40 during midday trading on Thursday. 90,518 shares of the company’s stock traded hands, compared to its average volume of 126,236. The stock’s 50-day moving average price is C$4.19 and its 200 day moving average price is C$3.59. Rubellite Energy Inc. has a fifty-two week low of C$2.13 and a fifty-two week high of C$4.83. The stock has a market cap of C$413.34 million, a P/E ratio of 16.30 and a beta of -0.97. The company has a debt-to-equity ratio of 33.54, a current ratio of 0.43 and a quick ratio of 1.21.

Rubellite Energy (TSE:RBY – Get Free Report) last released its earnings results on Monday, August 10th. The company reported C$0.35 earnings per share for the quarter. The business had revenue of C$95.38 million for the quarter. Rubellite Energy had a return on equity of 7.79% and a net margin of 11.09%.

About Rubellite Energy

(Get Free Report)

Rubellite Energy Inc is a Canadian energy company. It is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

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