Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Here’s Why

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares gapped up prior to trading on Thursday. The stock had previously closed at $10.84, but opened at $11.74. Impala Platinum shares last traded at $11.2084, with a volume of 47,607 shares trading hands.

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 Tuesday, October 6th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.

Impala Platinum Stock Performance

The business’s fifty day simple moving average is $13.26 and its 200-day simple moving average is $13.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.76 and a quick ratio of 2.09.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South Africa-based mining and metals company focused on the exploration, extraction, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper and cobalt.

The company operates a portfolio of mines and processing facilities in southern Africa and Canada. Its assets include Impala Rustenburg and Marula in South Africa, Zimplats in Zimbabwe and Impala Canada’s Lac des Iles operation in Ontario.