InPlay Oil Corp. (TSE:IPO – Get Rating) shares traded down 5.6% during mid-day trading on Thursday . The stock traded as low as C$2.95 and last traded at C$3.01. 452,688 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 560,558 shares. The stock had previously closed at C$3.19.
Separately, ATB Capital raised their target price on shares of InPlay Oil to C$4.25 and gave the stock an “outperform” rating in a research report on Thursday, March 17th.
The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 34.57. The company has a market capitalization of C$260.71 million and a PE ratio of 1.64. The business’s 50-day simple moving average is C$3.90 and its two-hundred day simple moving average is C$3.43.
InPlay Oil Company Profile (TSE:IPO)
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 primarily holds interests in the Cardium assets located in West Central Alberta that focus on the Pembina and Willesden Green pools.
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