Impala Platinum (OTCMKTS:IMPUY) Trading Down 7.1% – Here’s Why

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares dropped 7.1% during mid-day trading on Thursday . The company traded as low as $12.78 and last traded at $12.78. 3,658 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 258,280 shares. The stock had previously closed at $13.75.

Analyst Ratings Changes

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

Impala Platinum Stock Performance

The company’s fifty day simple moving average is $13.09 and its 200 day simple moving average is $13.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.36.

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.