Rubellite Energy (TSE:RBY) Reaches New 12-Month Low – Time to Sell?

Shares of Rubellite Energy Inc. (TSE:RBY) reached a new 52-week low during trading on Thursday . The company traded as low as C$1.90 and last traded at C$1.95, with a volume of 23025 shares. The stock had previously closed at C$1.96.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RBY. Cormark raised shares of Rubellite Energy to a “moderate buy” rating in a research report on Tuesday, November 5th. BMO Capital Markets lowered their target price on shares of Rubellite Energy from C$4.00 to C$3.00 in a research note on Friday. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$3.28.

Rubellite Energy Stock Down 0.5 %

The company has a current ratio of 0.42, a quick ratio of 1.21 and a debt-to-equity ratio of 14.82. The business has a 50-day moving average price of C$2.13 and a 200-day moving average price of C$2.26. The firm has a market cap of C$130.45 million, a P/E ratio of 5.68 and a beta of 1.05.

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.