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

Rubellite Energy Inc. (TSE:RBY) 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.

Analysts Set New Price Targets

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

Rubellite Energy Stock Down 7.9 %

The company has a debt-to-equity ratio of 38.92, a quick ratio of 1.21 and a current ratio of 0.46. The company has a market cap of C$159.45 million, a price-to-earnings ratio of 3.45 and a beta of 1.05. The business’s 50 day simple moving average is C$1.92 and its 200-day simple moving average is C$2.06.

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.