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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) gapped down prior to trading on Thursday . The stock had previously closed at $11.36, but opened at $10.70. Impala Platinum shares last traded at $10.7450, with a volume of 13,790 shares changing hands.

Wall Street Analysts Forecast Growth

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

Impala Platinum Trading Down 7.2%

The firm has a 50-day simple moving average of $12.20 and a 200 day simple moving average of $15.23. 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.