Impala Platinum (OTCMKTS:IMPUY) Sets New 12-Month Low – Here’s Why

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares hit a new 52-week low on Friday. The company traded as low as $9.74 and last traded at $9.7956, with a volume of 29,679 shares trading hands. The stock had previously closed at $10.46.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.00.

Impala Platinum Trading Down 5.7%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.76. The company’s 50 day simple moving average is $12.78 and its 200-day simple moving average is $14.27.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African 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 an integrated mining and processing business with assets in South Africa, Zimbabwe and Canada. Its portfolio includes the Impala Rustenburg and Marula operations in South Africa, the Mimosa and Zimplats operations in Zimbabwe, and the Impala Canada operation, which produces PGMs from the Lac des Iles mine in Ontario.