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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.015 per share on Tuesday, December 31st. This represents a $0.18 annualized dividend and a dividend yield of 10.78%. The ex-dividend date of this dividend is Monday, December 16th.

InPlay Oil Price Performance

Shares of TSE IPO remained flat at C$1.67 during trading hours on Friday. The company had a trading volume of 68,706 shares, compared to its average volume of 84,168. InPlay Oil has a fifty-two week low of C$1.63 and a fifty-two week high of C$2.57. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.00 and a quick ratio of 0.51. The stock has a market cap of C$150.50 million, a PE ratio of 5.76 and a beta of 2.37. The firm has a fifty day moving average of C$1.87 and a 200-day moving average of C$2.07.

Analyst Ratings Changes

IPO has been the subject of a number of research reports. Acumen Capital reduced their price target on shares of InPlay Oil from C$3.75 to C$3.50 in a report on Friday, August 16th. Noble Financial raised InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th. Finally, 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.