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

InPlay Oil Corp. (TSE:IPO) announced a monthly dividend on Thursday, August 15th, TickerTech reports. Investors of record on Friday, August 30th will be paid a dividend of 0.015 per share on Friday, August 30th. This represents a $0.18 annualized dividend and a yield of 8.11%. The ex-dividend date of this dividend is Thursday, August 15th.

InPlay Oil Price Performance

IPO traded down C$0.01 during trading on Wednesday, reaching C$2.22. The company’s stock had a trading volume of 690 shares, compared to its average volume of 83,289. The company has a market cap of C$200.07 million, a price-to-earnings ratio of 7.96 and a beta of 2.41. The firm has a fifty day simple moving average of C$2.21 and a two-hundred day simple moving average of C$2.29. InPlay Oil has a 1 year low of C$2.03 and a 1 year high of C$2.86. The company has a quick ratio of 0.51, a current ratio of 0.68 and a debt-to-equity ratio of 18.92.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital reduced their price objective on InPlay Oil from C$4.00 to C$3.75 in a research report on Monday, May 13th.

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.