InPlay Oil Corp. to Issue Monthly Dividend of $0.02 (TSE:IPO)

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.015 per share on Friday, February 28th. This represents a $0.18 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend is Friday, February 14th.

InPlay Oil Stock Performance

Shares of IPO traded down C$0.02 during mid-day trading on Wednesday, hitting C$1.72. 47,605 shares of the company’s stock were exchanged, compared to its average volume of 81,553. The firm has a market capitalization of C$155.01 million, a P/E ratio of 5.93 and a beta of 2.37. InPlay Oil has a fifty-two week low of C$1.52 and a fifty-two week high of C$2.57. The business’s 50 day moving average is C$1.70 and its two-hundred day moving average is C$1.91. The company has a current ratio of 1.00, a quick ratio of 0.51 and a debt-to-equity ratio of 19.86.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their target price on InPlay Oil from C$3.25 to C$3.00 in a report on Friday, November 15th.

About InPlay Oil

InPlay Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Canada. The company produces and sells crude oil, natural gas, and natural gas liquids. It focuses on light oil asset base located in West Central, Alberta. InPlay Oil Corp.