Impala Platinum (OTCMKTS:IMPUY – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.
Impala Platinum Trading Up 2.2%
Shares of Impala Platinum stock opened at $11.12 on Thursday. Impala Platinum has a 52-week low of $8.50 and a 52-week high of $23.50. The company’s 50-day simple moving average is $12.98 and its 200-day simple moving average is $15.52.
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.
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