Impala Platinum (OTCMKTS:IMPUY) Shares Cross Below Fifty Day Moving Average – What’s Next?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $13.11 and traded as low as $10.51. Impala Platinum shares last traded at $10.56, with a volume of 144,783 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Impala Platinum currently has a consensus rating of “Hold” and a consensus price target of $23.00.

Impala Platinum Price Performance

The stock’s 50 day moving average price is $13.05 and its 200 day moving average price is $13.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.76.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African 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 an integrated mining and processing business with assets in South Africa, Zimbabwe and Canada. Its portfolio includes the Impala Rustenburg and Marula operations in South Africa, the Mimosa and Zimplats operations in Zimbabwe, and the Impala Canada operation, which produces PGMs from the Lac des Iles mine in Ontario.