Impala Platinum (OTCMKTS:IMPUY) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.20 and traded as low as $11.22. Impala Platinum shares last traded at $11.36, with a volume of 228,066 shares traded.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.00.

Impala Platinum Stock Up 3.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93. The firm has a 50 day moving average price of $12.20 and a two-hundred day moving average price of $15.23.

Impala Platinum Company Profile

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.