Rubellite Energy (TSE:RBY) Reaches New 1-Year Low – What’s Next?

Rubellite Energy Inc. (TSE:RBY)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$1.67 and last traded at C$1.74, with a volume of 40862 shares traded. The stock had previously closed at C$1.90.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets dropped their price target on shares of Rubellite Energy from C$4.00 to C$3.00 in a research report on Friday, December 13th.

Rubellite Energy Price Performance

The company has a market capitalization of C$159.45 million, a P/E ratio of 3.45 and a beta of 1.05. The stock’s fifty day simple moving average is C$1.92 and its 200-day simple moving average is C$2.06. The company has a debt-to-equity ratio of 38.92, a current ratio of 0.46 and a quick ratio of 1.21.

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.