InPlay Oil (TSE:IPO) Shares Down 6.1% – Here’s What Happened

InPlay Oil Corp. (TSE:IPO)’s stock price was down 6.1% on Thursday . The company traded as low as C$1.69 and last traded at C$1.69. Approximately 177,869 shares changed hands during trading, an increase of 113% from the average daily volume of 83,623 shares. The stock had previously closed at C$1.80.

Analyst Ratings Changes

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

InPlay Oil Trading Down 0.6 %

The company’s 50-day moving average is C$1.70 and its 200 day moving average is C$1.88. The firm has a market cap of C$148.26 million, a PE ratio of 7.88 and a beta of 2.37. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 20.44.

InPlay Oil Dividend Announcement

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

InPlay Oil Company Profile

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.