Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Still a Buy?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) gapped up before the market opened on Wednesday . The stock had previously closed at $13.4250, but opened at $14.41. Impala Platinum shares last traded at $14.55, with a volume of 98,734 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised Impala Platinum to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Impala Platinum Stock Performance

The company has a quick ratio of 1.23, a current ratio of 2.74 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $11.94 and its two-hundred day moving average price is $10.63.

About Impala Platinum

Impala Platinum Holdings Limited engages in the mining, processing, concentrating, refining, and sale of platinum group metals (PGMs) and associated base metals. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold. It has operations on the PGM-bearing orebodies, including the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe, as well as the Canadian Shield.