Impala Platinum (OTCMKTS:IMPUY) Trading Up 11.3% – Here’s What Happened

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price traded up 11.3% during trading on Wednesday . The company traded as high as $14.28 and last traded at $14.1850. 141,564 shares were traded during trading, a decline of 48% from the average daily volume of 272,044 shares. The stock had previously closed at $12.75.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.00.

Impala Platinum Trading Up 10.6%

The company has a quick ratio of 1.36, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $11.51 and a 200-day moving average of $14.28.

About Impala Platinum

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.