Impala Platinum (OTCMKTS:IMPUY) Trading Down 7% - Should You Sell?

Key Points

• Impala Platinum Holdings Ltd. shares fell by 7% to trade at $12.72 on Thursday, following a decline in average trading volume.
• The company recently announced a $0.0647 dividend for shareholders, reflecting an impressive yield of 61.0%.
• Impala Platinum is engaged in the mining and processing of platinum group metals, with operations primarily in South Africa, Zimbabwe, and the Canadian Shield.

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - ) traded down 7% on Thursday . The company traded as low as $12.66 and last traded at $12.72. 270,310 shares were traded during trading, a decline of 2% from the average session volume of 276,395 shares. The stock had previously closed at $13.68.

Impala Platinum Price Performance

The business's 50-day moving average price is $10.62 and its two-hundred day moving average price is $8.67. 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 Announces Dividend

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.