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

InPlay Oil Corp. (TSE:IPO)’s stock price 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.

Analyst Ratings Changes

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

InPlay Oil Price Performance

The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 20.44. The firm 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 simple moving average of C$1.70 and a 200-day simple moving average of C$1.85.

InPlay Oil Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 11.92%. InPlay Oil’s payout ratio is presently 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.