Impala Platinum (OTCMKTS:IMPUY) Trading Down 9% - Here's Why

Key Points

• Impala Platinum's stock price decreased by 9% on Friday, trading as low as $11.93 and closing at $12.04.
• The company recently announced a $0.0647 dividend with a dividend yield of 61.0%, paid to stockholders of record on September 22nd.
• Impala Platinum holds a current ratio of 2.74 and a debt-to-equity ratio of 0.02, indicating strong liquidity and low financial leverage.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - )'s stock price traded down 9% on Friday . The company traded as low as $11.93 and last traded at $12.04. 756,843 shares traded hands during trading, an increase of 171% from the average session volume of 279,255 shares. The stock had previously closed at $13.23.

Impala Platinum Trading Down 8.5%

The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. The stock's fifty day simple moving average is $10.93 and its 200-day simple moving average is $8.87.

Impala Platinum Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued 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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