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Impala Platinum (OTCMKTS:IMPUY) Stock Price Down 8.2% - Here's Why

Impala Platinum logo with Basic Materials background

Key Points

  • Shares of Impala Platinum Holdings Ltd. fell by 8.2% to a trading price of $9.31, down from a previous close of $10.14.
  • The stock experienced a significant drop in trading volume, with 207,530 shares traded, which is a 30% decline from the average session volume.
  • Impala Platinum specializes in mining and refining platinum group metals (PGMs), operating in regions such as the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe.
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Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - Get Free Report) shares fell 8.2% during mid-day trading on Thursday . The stock traded as low as $9.25 and last traded at $9.31. 207,530 shares traded hands during trading, a decline of 30% from the average session volume of 298,530 shares. The stock had previously closed at $10.14.

Impala Platinum Trading Up 0.1%

The company has a 50 day moving average of $9.00 and a 200-day moving average of $6.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.37 and a current ratio of 3.11.

About Impala Platinum

(Get Free Report)

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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