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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $11.2650, but opened at $10.50. Impala Platinum shares last traded at $10.42, with a volume of 26,704 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Impala Platinum currently has an average rating of “Hold” and a consensus target price of $23.00.

Impala Platinum Stock Performance

The stock’s fifty day simple moving average is $13.11 and its two-hundred day simple moving average is $13.05. 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 African 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 an integrated mining and processing business with assets in South Africa, Zimbabwe and Canada. Its portfolio includes the Impala Rustenburg and Marula operations in South Africa, the Mimosa and Zimplats operations in Zimbabwe, and the Impala Canada operation, which produces PGMs from the Lac des Iles mine in Ontario.