Impala Platinum (OTCMKTS:IMPUY) Sets New 12-Month High - Still a Buy?

Key Points

• Impala Platinum Holdings Ltd. reached a new 52-week high, trading at $13.25 with a recent volume of 110,771 shares.
• The company recently announced a dividend of $0.0647, which corresponds to a notable yield of 61.0%.
• Impala Platinum has strong liquidity metrics, including a current ratio of 2.74 and a debt-to-equity ratio of just 0.02.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $13.25 and last traded at $13.24, with a volume of 110771 shares trading hands. The stock had previously closed at $12.74.

Impala Platinum Trading Up 3.5%

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.74 and a quick ratio of 1.23. The company has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $8.37.

Impala Platinum Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.0647 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a yield of 61.0%.

Impala Platinum Company Profile

Impala Platinum Holdings Limited engages in the mining, processing, concentrating, refining, and sale of platinum group metals (PGMs) and associated base metals. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold. It has operations on the PGM-bearing orebodies, including the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe, as well as the Canadian Shield.

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