Impala Platinum (OTCMKTS:IMPUY) Shares Gap Up – Should You Buy?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $10.68, but opened at $11.25. Impala Platinum shares last traded at $11.4015, with a volume of 17,753 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Impala Platinum to a “hold” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Impala Platinum has an average rating of “Hold”.

Impala Platinum Stock Up 5.5%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74. The firm’s 50 day moving average price is $11.66 and its 200 day moving average price is $9.78.

Impala Platinum Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.0647 dividend. The ex-dividend date was Friday, September 19th. This represents a yield of 61.0%.

Impala Platinum Company Profile

Impala Platinum Holdings Limited engages in the mining, processing, concentrating, refining, and sale of platinum group metals (PGMs) and associated base metals. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold. It has operations on the PGM-bearing orebodies, including the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe, as well as the Canadian Shield.