Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Here’s What Happened

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares gapped down prior to trading on Friday. The stock had previously closed at $11.2650, but opened at $10.50. Impala Platinum shares last traded at $10.42, with a volume of 26,704 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.00.

Impala Platinum Stock Down 2.9%

The firm has a 50 day moving average of $13.11 and a 200 day moving average of $13.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.76.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals company focused on the exploration, extraction, 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 and cobalt.

The company operates an integrated mining and processing business with assets in South Africa, Zimbabwe and Canada. Its portfolio includes the Impala Rustenburg and Marula operations in South Africa, the Mimosa and Zimplats operations in Zimbabwe, and the Impala Canada operation, which produces PGMs from the Lac des Iles mine in Ontario.