InPlay Oil (TSE:IPO) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

InPlay Oil Corp. (TSE:IPOGet Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.65 and traded as low as C$1.60. InPlay Oil shares last traded at C$1.60, with a volume of 108,959 shares.

InPlay Oil Stock Performance

The company has a market capitalization of C$143.77 million, a price-to-earnings ratio of 7.64 and a beta of 2.37. The company has a debt-to-equity ratio of 20.44, a current ratio of 0.61 and a quick ratio of 0.51. The company’s 50-day moving average price is C$1.65 and its two-hundred day moving average price is C$1.78.

InPlay Oil Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors 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 annualized dividend and a dividend yield of 11.25%. InPlay Oil’s payout ratio is 85.93%.

InPlay Oil Company Profile

(Get Free Report)

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.

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