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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.75, but opened at $13.11. Impala Platinum shares last traded at $12.86, with a volume of 40,611 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Impala Platinum from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Stock Down 5.4%

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 business has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $13.54.

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.