Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $16.68, but opened at $15.65. Impala Platinum shares last traded at $15.58, with a volume of 102,714 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Impala Platinum from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Read Our Latest Stock Analysis on IMPUY

Impala Platinum Stock Down 7.9%

The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. The company’s 50-day simple moving average is $12.35 and its 200 day simple moving average is $11.01.

Impala Platinum Company Profile

(Get Free Report)

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.

Further Reading

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