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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $10.84, but opened at $11.74. Impala Platinum shares last traded at $11.2084, with a volume of 47,607 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Impala Platinum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.00.

Impala Platinum Trading Up 4.4%

The firm’s 50-day simple moving average is $13.31 and its 200-day simple moving average is $13.18. The company has a quick ratio of 2.09, a current ratio of 3.76 and a debt-to-equity ratio of 0.01.

About Impala Platinum

Impala Platinum Holdings Limited, commonly known as Implats, is a South Africa-based mining and metals company focused on the exploration, extraction, 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 and cobalt.

The company operates a portfolio of mines and processing facilities in southern Africa and Canada. Its assets include Impala Rustenburg and Marula in South Africa, Zimplats in Zimbabwe and Impala Canada’s Lac des Iles operation in Ontario.