InPlay Oil (TSE:IPO) Stock Price Up 0.6% – Here’s What Happened

InPlay Oil Corp. (TSE:IPO) shares shot up 0.6% on Tuesday . The stock traded as high as C$1.84 and last traded at C$1.82. 52,386 shares changed hands during trading, a decline of 47% from the average session volume of 98,564 shares. The stock had previously closed at C$1.81.

Wall Street Analyst Weigh In

IPO has been the topic of several research analyst reports. Noble Financial upgraded InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th. Canaccord Genuity Group decreased their target price on InPlay Oil from C$3.25 to C$3.00 in a research report on Friday, November 15th.

InPlay Oil Price Performance

The stock’s fifty day moving average price is C$1.74 and its 200-day moving average price is C$1.99. The firm has a market cap of C$160.41 million, a PE ratio of 6.14 and a beta of 2.37. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.00 and a quick ratio of 0.51.

InPlay Oil Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be paid a dividend of $0.015 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.18 annualized dividend and a yield of 10.11%. InPlay Oil’s dividend payout ratio is presently 62.07%.

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.