Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Here’s Why

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUYGet Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.29, but opened at $16.10. Impala Platinum shares last traded at $16.05, with a volume of 45,767 shares trading hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on Impala Platinum

Impala Platinum Trading Up 4.4%

The company’s 50-day simple moving average is $12.41 and its 200-day simple moving average is $11.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74.

About Impala Platinum

(Get Free Report)

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.

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