Rubellite Energy Inc. (TSE:RBY – Get Free Report)’s stock price was up 9.2% on Tuesday . The company traded as high as C$2.26 and last traded at C$2.26. Approximately 9,630 shares changed hands during trading, a decline of 72% from the average daily volume of 33,964 shares. The stock had previously closed at C$2.07.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Atb Cap Markets raised Rubellite Energy to a “strong-buy” rating in a report on Monday, July 29th. BMO Capital Markets set a C$4.00 target price on Rubellite Energy and gave the stock an “outperform” rating in a research report on Tuesday, April 9th.
View Our Latest Analysis on RBY
Rubellite Energy Price Performance
Rubellite Energy (TSE:RBY – Get Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.11 earnings per share for the quarter, topping the consensus estimate of C$0.08 by C$0.03. The firm had revenue of C$29.82 million for the quarter. Rubellite Energy had a net margin of 23.07% and a return on equity of 10.35%. Equities research analysts predict that Rubellite Energy Inc. will post 0.4750958 EPS for the current fiscal 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.
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