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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $10.84, but opened at $11.74. Impala Platinum shares last traded at $11.2084, with a volume of 47,607 shares traded.

Analyst Ratings Changes

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

Impala Platinum Stock Performance

The company’s 50 day simple moving average is $13.31 and its 200-day simple moving average is $13.18. The company has a current ratio of 3.76, a quick ratio of 2.09 and a debt-to-equity ratio of 0.01.

About Impala Platinum

Impala Platinum Holdings Limited, commonly known as Implats, is a South Africa-based 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 a portfolio of mines and processing facilities in southern Africa and Canada. Its assets include Impala Rustenburg and Marula in South Africa, Zimplats in Zimbabwe and Impala Canada’s Lac des Iles operation in Ontario.