InPlay Oil Corp. to Issue Dividend of $0.01 (OTCMKTS:IPOOF)

InPlay Oil Corp. (OTCMKTS:IPOOF) announced a dividend on Saturday, December 14th,investing.com reports. Investors of record on Tuesday, December 17th will be given a dividend of 0.0107 per share on Tuesday, December 31st. This represents a yield of 10.99%. The ex-dividend date of this dividend is Monday, December 16th.

InPlay Oil Stock Performance

Shares of OTCMKTS IPOOF traded down $0.02 during mid-day trading on Friday, hitting $1.17. 39,046 shares of the company were exchanged, compared to its average volume of 46,530. The stock has a 50 day simple moving average of $1.34 and a 200-day simple moving average of $1.50. InPlay Oil has a 1-year low of $1.13 and a 1-year high of $1.99. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.19. The firm has a market cap of $105.44 million, a price-to-earnings ratio of 8.36 and a beta of 1.60.

Analysts Set New Price Targets

Separately, Noble Financial raised InPlay Oil to a “strong-buy” rating in a report on Monday, October 7th.

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.