Impala Platinum Holdings Limited’s (JSE:IMP) 32% Share Price Surge Not Quite Adding Up
Impala Platinum Holdings Limited (JSE:IMP) shares have continued their recent momentum with a 32% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 37%.
Even after such a large jump in price, you could still be forgiven for feeling indifferent about Impala Platinum Holdings’ P/S ratio of 1.5x, since the median price-to-sales (or “P/S”) ratio for the Metals and Mining industry in South Africa is also close to 1.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
We’ve discovered 2 warning signs about Impala Platinum Holdings. View them for free.
