Impala Platinum (OTCMKTS:IMPUY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.00.

Impala Platinum Stock Up 7.3%

The company has a quick ratio of 1.36, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $11.46 and its 200-day moving average price is $14.72.

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.