Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down - What's Next?

Key Points

• Impala Platinum's shares gapped down from a previous close of $12.86 to open at $12.36, with the last trade at $12.46 and a trading volume of 41,309 shares.
• The company has reported a high dividend yield of 61.0%, with a recent payment of $0.0647 to shareholders recorded on September 22nd.
• Impala Platinum engages in the mining and refining of platinum group metals such as platinum, palladium, and rhodium, with significant operations in South Africa and Zimbabwe.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - ) shares gapped down prior to trading on Friday . The stock had previously closed at $12.86, but opened at $12.36. Impala Platinum shares last traded at $12.46, with a volume of 41,309 shares trading hands.

Impala Platinum Price Performance

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 moving average price of $10.62 and a 200 day moving average price of $8.67.

Impala Platinum Dividend Announcement

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