Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) shot up 3% during trading on Friday . The stock traded as high as $16.79 and last traded at $16.75. 139,386 shares traded hands during trading, a decline of 48% from the average session volume of 269,999 shares. The stock had previously closed at $16.27.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.
Read Our Latest Stock Report on Impala Platinum
Impala Platinum Trading Up 2.9%
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.
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