Impala Platinum (OTCMKTS:IMPUY) Share Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Impala Platinum's share price fell below its 50-day moving average of $9.51, reaching a low of $8.50 before closing at $8.76.
• The company's current ratio is 3.11, indicating strong liquidity, while its debt-to-equity ratio is notably low at 0.02.
• Impala Platinum engages in the mining and sale of platinum group metals and has operations in South Africa, Zimbabwe, and Canada.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - )'s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.51 and traded as low as $8.50. Impala Platinum shares last traded at $8.76, with a volume of 117,711 shares.

Impala Platinum Stock Performance

The business's fifty day moving average price is $9.51 and its two-hundred day moving average price is $7.47. The company has a quick ratio of 1.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.02.

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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