Impala Platinum (OTCMKTS:IMPUY) Stock Price Up 3% – Here’s Why

Shares of Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shot up 3% on Friday . The company traded as high as $16.79 and last traded at $16.75. 139,386 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 269,999 shares. The stock had previously closed at $16.27.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Impala Platinum currently has an average rating of “Strong Buy”.

Impala Platinum Price Performance

The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $12.35 and a 200-day simple moving average of $10.99.

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.