Impala Platinum (OTCMKTS:IMPUY) Shares Cross Below Fifty Day Moving Average - What's Next?

Key Points

• Impala Platinum Holdings Ltd. shares have dropped below their 50-day moving average of $9.44, trading as low as $9.00 during the session.
• The company maintains a strong financial position with a debt-to-equity ratio of 0.02 and a current ratio of 3.11.
• Impala Platinum is engaged in the mining and processing of platinum group metals, with major operations in South Africa, Zimbabwe, and Canada.

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.44 and traded as low as $9.00. Impala Platinum shares last traded at $9.02, with a volume of 160,126 shares.

Impala Platinum Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.11 and a quick ratio of 1.37. The firm has a 50-day moving average of $9.47 and a 200 day moving average of $7.43.

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.