Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) gapped down before the market opened on Wednesday . The stock had previously closed at $13.75, but opened at $13.11. Impala Platinum shares last traded at $12.86, with a volume of 40,611 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Impala Platinum from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Impala Platinum currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Price Performance

The stock’s 50-day simple moving average is $13.06 and its 200 day simple moving average is $13.54. The company has a current ratio of 2.93, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals group focused on the exploration, mining, 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, cobalt and gold.

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.