Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down - Should You Sell?

Key Points

• Impala Platinum Holdings Ltd. shares gapped down from a previous closing price of $12.28 to open at $10.82, with last traded price at $10.75.
• Despite the drop, the company recently announced a dividend of $0.0647, yielding 61.0%, paid to shareholders of record on September 22nd.
• Impala Platinum engages in the mining and processing of platinum group metals, with major operations in South Africa and Zimbabwe.

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - ) gapped down before the market opened on Tuesday . The stock had previously closed at $12.28, but opened at $10.82. Impala Platinum shares last traded at $10.75, with a volume of 163,645 shares changing hands.

Impala Platinum Stock Performance

The firm's 50 day moving average price is $11.03 and its 200-day moving average price is $9.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74.

Impala Platinum Dividend Announcement

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

About Impala Platinum

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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