Impala Platinum (OTCMKTS:IMPUY) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.74 and traded as high as $14.2450. Impala Platinum shares last traded at $14.10, with a volume of 120,164 shares.

Wall Street Analyst Weigh In

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

Impala Platinum Trading Down 0.6%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93. The business’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $14.08.

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.