Impala Platinum (OTCMKTS:IMPUY) Hits New 1-Year Low – Time to Sell?

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) reached a new 52-week low on Friday. The company traded as low as $9.74 and last traded at $9.7956, with a volume of 29,679 shares changing hands. The stock had previously closed at $10.46.

Wall Street Analysts Forecast Growth

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

Impala Platinum Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.76 and a quick ratio of 2.09. The firm’s 50-day moving average price is $12.78 and its two-hundred day moving average price is $14.27.

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.