DRDGOLD Ltd. (NYSE:DRD)’s share price shot up 8.5% during mid-day trading on Wednesday . The company traded as high as $8.18 and last traded at $8.14, with a volume of 699,870 shares. The stock had previously closed at $7.50.

Separately, JPMorgan Chase & Co. cut DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.

The stock has a market capitalization of $355.00 million and a PE ratio of 57.685. The stock has a 50-day moving average price of $6.61 and a 200-day moving average price of $4.66.

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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