Impala Platinum (OTCMKTS:IMPUY) Hits New 52-Week High – Here’s What Happened

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.64 and last traded at $19.23, with a volume of 66286 shares changing hands. The stock had previously closed at $18.71.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Impala Platinum Stock Up 3.2%

The business has a 50 day moving average of $14.43 and a 200 day moving average of $12.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74.

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.