An observation...The Oil and Gas market has bounced nicely over the past few days...RBY on the other hand, has been an absolute laggard to say the least.
Investors don't seem to want to invest in Rubelite because it's like a mouse trap, once you get in...it's tough to get out. Liquidity absolutely stinks! Those in are trying to get out...3 1/2 hours into the trading day and RBY has traded just under 5400 shares and once again we see the lame duck attempt to make the RBY make stronger than it is with 100 share bids, high closes and lifting 100 shares of an offer...shadey.
Unfortunately, for RBY shareholders watching the market, it becomes dead money as it's locked away here as Investors anticipate a decent recovery in the price of crude in Q3 and Q4.
All oil and gas is pretty much up today again except this lovely little gem...
Honestly, management genuinely doesnt seem to care...