Insider Selling: Rubellite Energy (TSE:RBY) Insider Sells C$324,121.60 in Stock

Rubellite Energy Inc. (TSE:RBY – Get Free Report) insider Jeff Green sold 73,664 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of C$4.40, for a total transaction of C$324,121.60. Following the completion of the transaction, the insider directly owned 105,502 shares of the company’s stock, valued at approximately C$464,208.80. This represents a 41.11% decrease in their position.

Jeff Green also recently made the following trade(s):

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• On Wednesday, September 9th, Jeff Green sold 9,700 shares of Rubellite Energy stock. The shares were sold at an average price of C$4.40, for a total value of C$42,680.00.

Rubellite Energy Stock Performance

TSE:RBY traded up C$0.05 during midday trading on Friday, hitting C$4.45. The company’s stock had a trading volume of 85,347 shares, compared to its average volume of 126,140. Rubellite Energy Inc. has a fifty-two week low of C$2.13 and a fifty-two week high of C$4.83. The firm’s 50 day moving average is C$4.22 and its 200-day moving average is C$3.60. The company has a debt-to-equity ratio of 33.54, a current ratio of 0.43 and a quick ratio of 1.21. The firm has a market cap of C$418.04 million, a P/E ratio of 16.48 and a beta of -0.97.

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

About Rubellite Energy

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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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