DRDGOLD Ltd. (DRD) Shares Down 12.7%
DRDGOLD Ltd. (NYSE:DRD) fell 12.7% on Tuesday . The stock traded as low as $7.41 and last traded at $7.70, with a volume of 1,341,036 shares changing hands. The stock had previously closed at $8.82.
Separately, JPMorgan Chase & Co. lowered DRDGOLD from a “neutral” rating to an “underweight” rating in a research note on Tuesday.
The company has a market cap of $306.45 million and a P/E ratio of 51.20. The firm’s 50 day moving average is $5.77 and its 200-day moving average is $4.24.
DRDGOLD Limited is a surface gold tailings retreatment company. The Company operates in the central Witwatersrand (Wits) basin in Gauteng province and recovers gold from tailings. Ergo Mining Proprietary Limited (Ergo) is the Company’s operating entity. Ergo is a surface retreatment operator. Ergo’s assets cover an area approximately 62 kilometers from east to west and 25 kilometers from north to south.
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