Impala Platinum (OTCMKTS:IMPUY) Stock Passes Above 50-Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemImpala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.46 and traded as high as $13.56. Impala Platinum shares last traded at $13.1601, with a volume of 229,400 shares.
Analysts Set New Price Targets
Separately, Zacks Research lowered Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.00.
Read Our Latest Report on IMPUY
Impala Platinum Stock Performance
The stock’s fifty day simple moving average is $11.46 and its two-hundred day simple moving average is $14.72. The company has a current ratio of 2.93, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01.
About Impala Platinum
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.