Impala Platinum (OTCMKTS:IMPUY) Shares Pass Above 50 Day Moving Average – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.46 and traded as high as $13.56. Impala Platinum shares last traded at $13.1601, with a volume of 229,400 shares.

Analyst Ratings Changes

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

Impala Platinum Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93. The company has a 50 day moving average price of $11.46 and a 200 day moving average price of $14.72.

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.