Impala Platinum (OTCMKTS:IMPUY) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.66 and traded as high as $17.34. Impala Platinum shares last traded at $17.29, with a volume of 297,090 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Impala Platinum to an “overweight” rating in a research report on Friday, January 23rd. HSBC set a $23.00 target price on shares of Impala Platinum and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research raised shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $23.00.

Impala Platinum Trading Up 3.8%

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 business’s fifty day moving average is $16.66 and its 200 day moving average is $12.91.

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.