Impala Platinum (OTCMKTS:IMPUY) Reaches New 1-Year High – Here’s Why

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) hit a new 52-week high during trading on Wednesday . The company traded as high as $16.50 and last traded at $16.44, with a volume of 376602 shares changing hands. The stock had previously closed at $15.81.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Impala Platinum Stock Performance

The stock has a 50 day simple moving average of $12.13 and a 200 day simple moving average of $10.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74.

Impala Platinum Company Profile

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.