Impala Platinum (OTCMKTS:IMPUY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $13.11 and traded as low as $10.51. Impala Platinum shares last traded at $10.56, with a volume of 144,783 shares trading hands.

Analysts Set New Price Targets

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

Impala Platinum Trading Down 6.3%

The company has a quick ratio of 2.09, a current ratio of 3.76 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $13.11 and a 200 day moving average of $13.05.

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.