InPlay Oil (TSE:IPO) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of InPlay Oil Corp. (TSE:IPO) crossed 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.

Wall Street Analyst Weigh In

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

InPlay Oil Trading Down 2.6 %

The stock has a market cap of C$135.68 million, a PE ratio of 7.21 and a beta of 2.37. The stock has a 50-day moving average price of C$1.70 and a two-hundred day moving average price of C$1.85. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51.

InPlay Oil Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 11.92%. InPlay Oil’s payout ratio is 85.93%.

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.