InPlay Oil (TSE:IPO) Stock Price Down 4.7% - Time to Sell?

InPlay Oil Corp. (TSE:IPO - Get Free Report)'s share price dropped 4.7% on Monday . The company traded as low as C$1.58 and last traded at C$1.61. Approximately 192,320 shares traded hands during trading, an increase of 129% from the average daily volume of 84,154 shares. The stock had previously closed at C$1.69.

Wall Street Analyst Weigh In

Separately, 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 company has a market cap of C$151.40 million, a P/E ratio of 5.79 and a beta of 2.37. The firm's 50-day moving average is C$1.70 and its two-hundred day moving average is C$1.92. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a dividend yield of 10.71%. The ex-dividend date of this dividend is Friday, February 14th. InPlay Oil's dividend payout ratio is 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.