InPlay Oil (TSE:IPO) Stock Price Down 6.1% – Should You Sell?

InPlay Oil Corp. (TSE:IPO) fell 6.1% during mid-day trading on Thursday . The company traded as low as C$1.69 and last traded at C$1.69. 177,869 shares traded hands 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.

Wall Street Analysts Forecast Growth

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

InPlay Oil Stock Performance

The company has a market capitalization of C$147.37 million, a PE ratio of 7.83 and a beta of 2.37. The firm’s fifty day simple moving average is C$1.70 and its 200 day simple moving average is C$1.89. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51.

InPlay Oil Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be issued a $0.015 dividend. This represents a $0.18 annualized dividend and a yield of 10.98%. The ex-dividend date of this dividend is Friday, February 14th. InPlay Oil’s payout ratio is presently 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.