Impala Platinum (OTCMKTS:IMPUY) Sees Strong Trading Volume – Here’s Why

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares saw an uptick in trading volume on Thursday . 953,623 shares were traded during mid-day trading, an increase of 222% from the previous session’s volume of 295,786 shares.The stock last traded at $13.15 and had previously closed at $13.32.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Stock Down 0.4%

The stock’s fifty day moving average is $14.80 and its 200-day moving average is $15.73.

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.