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

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.015 per share on Friday, January 31st. This represents a $0.18 annualized dividend and a yield of 10.00%. The ex-dividend date of this dividend is Wednesday, January 15th.

InPlay Oil Stock Performance

IPO stock opened at C$1.80 on Monday. The company has a quick ratio of 0.51, a current ratio of 1.00 and a debt-to-equity ratio of 19.86. The company has a market capitalization of C$162.22 million, a price-to-earnings ratio of 6.21 and a beta of 2.37. InPlay Oil has a 12 month low of C$1.52 and a 12 month high of C$2.57. The firm has a 50 day moving average of C$1.74 and a two-hundred day moving average of C$1.99.

Analyst Ratings Changes

Several research firms have commented on IPO. Noble Financial raised shares of InPlay Oil to a “strong-buy” rating in a research report on Monday, October 7th. Canaccord Genuity Group decreased their target price on shares of InPlay Oil from C$3.25 to C$3.00 in a research 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.