Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Here’s What Happened

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $10.68, but opened at $11.25. Impala Platinum shares last traded at $11.4015, with a volume of 17,753 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Impala Platinum to a “hold” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Impala Platinum has a consensus rating of “Hold”.

Impala Platinum Stock Up 5.5%

The company’s 50-day moving average is $11.66 and its two-hundred day moving average is $9.78. The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02.

Impala Platinum Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, September 19th. This represents a dividend yield of 61.0%.

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.