Impala Platinum (OTCMKTS:IMPUY) Sees Strong Trading Volume – Here’s Why

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) saw unusually-high trading volume on Thursday . Approximately 953,623 shares were traded during trading, an increase of 222% from the previous session’s volume of 295,786 shares.The stock last traded at $13.15 and had previously closed at $13.32.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Impala Platinum presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Trading Down 0.4%

The firm has a 50-day moving average of $14.80 and a two-hundred day moving average of $15.73.

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.