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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $14.36, but opened at $14.83. Impala Platinum shares last traded at $14.98, with a volume of 11,704 shares traded.

Analyst Ratings Changes

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

Impala Platinum Stock Up 0.4%

The company has a 50 day simple moving average of $11.78 and a 200 day simple moving average of $14.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93.

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.