Impala Platinum (OTCMKTS:IMPUY) Shares Down 9% – Here’s Why

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

Impala Platinum Stock 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 business has a 50-day moving average price of $10.97 and a 200 day moving average price of $8.93.

Impala Platinum Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.0647 per share. This represents a dividend yield of 61.0%. The ex-dividend date 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.