Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Should You Buy?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.8380, but opened at $14.68. Impala Platinum shares last traded at $14.64, with a volume of 17,601 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Impala Platinum from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Impala Platinum Stock Down 2.0%

The company has a current ratio of 2.93, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $12.95 and its two-hundred day simple moving average is $13.66.

About Impala Platinum

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

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.