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 $13.8380, but opened at $14.68. Impala Platinum shares last traded at $14.64, with a volume of 17,601 shares changing hands.

Analyst Upgrades and Downgrades

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

Impala Platinum Stock Performance

The firm has a fifty day moving average price of $12.81 and a 200 day moving average price of $13.71. The company has a quick ratio of 1.36, a current ratio of 2.93 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 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.