InPlay Oil (TSE:IPO) Trading Down 6.1% – Here’s Why

InPlay Oil Corp. (TSE:IPO)’s share price fell 6.1% on Thursday . The company traded as low as C$1.69 and last traded at C$1.69. 177,869 shares were traded during mid-day trading, an increase of 113% from the average session volume of 83,623 shares. The stock had previously closed at C$1.80.

Analyst Ratings Changes

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

InPlay Oil Price Performance

The company has a debt-to-equity ratio of 20.44, a quick ratio of 0.51 and a current ratio of 0.61. The firm has a market capitalization of C$148.26 million, a price-to-earnings ratio of 7.88 and a beta of 2.37. The company has a 50-day moving average of C$1.70 and a 200-day moving average of C$1.88.

InPlay Oil Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be issued a $0.015 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.91%. InPlay Oil’s dividend payout ratio (DPR) is 85.93%.

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.