Impala Platinum (OTCMKTS:IMPUY) Shares Down 7.1% – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) dropped 7.1% on Thursday . The stock traded as low as $12.78 and last traded at $12.78. Approximately 3,658 shares were traded during mid-day trading, a decline of 99% from the average session volume of 258,280 shares. The stock had previously closed at $13.75.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Impala Platinum from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Stock Down 0.1%

The business’s 50 day simple moving average is $13.09 and its 200 day simple moving average is $13.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.36.

About Impala Platinum

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals group focused on the exploration, mining, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper, cobalt and gold.

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.