Rubellite Energy (TSE:RBY) Stock Price Up 1.8% – Should You Buy?

Shares of Rubellite Energy Inc. (TSE:RBY) traded up 1.8% during trading on Friday . The company traded as high as C$2.30 and last traded at C$2.25. 27,280 shares were traded during trading, a decline of 32% from the average session volume of 40,098 shares. The stock had previously closed at C$2.21.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Cormark upgraded shares of Rubellite Energy to a “moderate buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets lowered their price objective on Rubellite Energy from C$4.00 to C$3.00 in a research report on Friday, December 13th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Rubellite Energy presently has an average rating of “Buy” and a consensus price target of C$3.28.

Rubellite Energy Trading Up 1.8 %

The stock has a market cap of C$152.08 million, a P/E ratio of 6.62 and a beta of 1.05. The company has a debt-to-equity ratio of 14.82, a quick ratio of 1.21 and a current ratio of 0.42. The stock’s fifty day moving average is C$2.07 and its 200 day moving average is C$2.22.

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.