Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Should You Buy?

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) gapped up before the market opened on Thursday . The stock had previously closed at $13.98, but opened at $15.16. Impala Platinum shares last traded at $14.90, with a volume of 12,980 shares trading hands.

Wall Street Analyst Weigh In

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

Impala Platinum Price Performance

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 firm has a fifty day moving average price of $12.01 and a 200-day moving average price of $13.97.

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.