InPlay Oil Corp. (TSE:IPO) Announces $0.09 Monthly Dividend

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Friday, November 14th, TickerTech Dividends reports. Shareholders of record on Friday, November 28th will be given a dividend of 0.09 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, November 14th.

InPlay Oil Trading Up 1.8%

IPO traded up C$0.23 on Wednesday, reaching C$13.33. 65,030 shares of the company traded hands, compared to its average volume of 57,811. The firm has a fifty day simple moving average of C$12.32 and a two-hundred day simple moving average of C$10.52. The company has a market cap of C$370.65 million, a P/E ratio of -88.87 and a beta of 0.63. InPlay Oil has a one year low of C$6.54 and a one year high of C$13.73. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 20.44.

Insider Activity at InPlay Oil

In related news, Director Douglas Bartole sold 7,689 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of C$11.38, for a total value of C$87,500.82. Following the transaction, the director directly owned 341,810 shares in the company, valued at approximately C$3,889,797.80. This represents a 2.20% decrease in their ownership of the stock. Also, insider Darren W. Dittmer sold 2,200 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$12.00, for a total value of C$26,400.00. Following the transaction, the insider owned 172,644 shares of the company’s stock, valued at approximately C$2,071,728. This represents a 1.26% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 10,389 shares of company stock valued at $120,251. Corporate insiders own 25.31% of the company’s stock.

InPlay Oil Company Profile

InPlay Oil Corp is oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company’s operations are focused on a concentrated light oil asset base located in West Central Alberta.