Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Should You Buy?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.36, but opened at $14.83. Impala Platinum shares last traded at $14.98, with a volume of 11,704 shares changing 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 note on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Impala Platinum presently has a consensus rating of “Hold” and an average target price of $23.00.

Impala Platinum Trading Up 0.4%

The business has a 50 day moving average of $11.78 and a 200-day moving average of $14.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93.

About Impala Platinum

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.