Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Still a Buy?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $13.4250, but opened at $14.41. Impala Platinum shares last traded at $14.55, with a volume of 98,734 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Impala Platinum to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Impala Platinum Stock Up 7.9%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74. The firm has a 50-day moving average price of $11.89 and a 200-day moving average price of $10.57.

Impala Platinum Company Profile

Impala Platinum Holdings Limited engages in the mining, processing, concentrating, refining, and sale of platinum group metals (PGMs) and associated base metals. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold. It has operations on the PGM-bearing orebodies, including the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe, as well as the Canadian Shield.