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

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.015 per share on Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 11.25%. The ex-dividend date is Friday, March 14th.

InPlay Oil Price Performance

Shares of IPO stock traded up C$0.02 during trading hours on Wednesday, hitting C$1.60. The stock had a trading volume of 88,070 shares, compared to its average volume of 175,147. The stock’s 50-day moving average price is C$1.69 and its two-hundred day moving average price is C$1.83. InPlay Oil has a one year low of C$1.45 and a one year high of C$2.57. The stock has a market capitalization of C$143.77 million, a price-to-earnings ratio of 7.64 and a beta of 2.37. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51.

Wall Street Analysts Forecast Growth

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

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.