Impala Platinum (OTCMKTS:IMPUY) Trading 3% Higher – Still a Buy?

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUYGet 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%

The firm has a fifty day simple moving average of $12.26 and a 200 day simple moving average of $10.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.74 and a quick ratio of 1.23.

Impala Platinum Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Impala Platinum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impala Platinum and related companies with MarketBeat.com's FREE daily email newsletter.