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

Key Points

• Impala Platinum's share price increased from $9.40 to $9.83 in pre-market trading, closing at $9.65 with a trade volume of 37,616 shares.
• The company has a strong financial position with a low debt-to-equity ratio of 0.02, a current ratio of 3.11, and a quick ratio of 1.37.
• Impala Platinum engages in mining, processing, and sale of platinum group metals, with operations primarily in South Africa and Zimbabwe.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $9.40, but opened at $9.83. Impala Platinum shares last traded at $9.65, with a volume of 37,616 shares.

Impala Platinum Stock Performance

The company has a current ratio of 3.11, a quick ratio of 1.37 and a debt-to-equity ratio of 0.02. The business's 50-day moving average price is $9.43 and its 200-day moving average price is $7.32.

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.