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

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.

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - ) traded down 8.2% during 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 Stock Down 8.1%

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 stock has a fifty day moving average of $8.93 and a 200-day moving average of $6.91.

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.

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