InPlay Oil (TSE:IPO) Stock Passes Below 50 Day Moving Average - What's Next?

Shares of InPlay Oil Corp. (TSE:IPO - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.70 and traded as low as C$1.49. InPlay Oil shares last traded at C$1.51, with a volume of 286,964 shares changing hands.

Analyst Upgrades and Downgrades

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

InPlay Oil Stock Up 3.9 %

The firm has a 50 day simple moving average of C$1.70 and a two-hundred day simple moving average of C$1.83. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 20.44. The stock has a market capitalization of C$142.87 million, a P/E ratio of 7.59 and a beta of 2.37.

InPlay Oil Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.015 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 11.32%. InPlay Oil's payout ratio is currently 85.93%.

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.