DRDGOLD Ltd. (DRD) Sees Unusually-High Trading Volume
Shares of DRDGOLD Ltd. (NYSE:DRD) saw an uptick in trading volume on Wednesday . 803,974 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 706,479 shares.The stock last traded at $6.17 and had previously closed at $6.58.
Separately, JPMorgan Chase & Co. lowered shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 12th.
The firm’s 50 day moving average price is $7.97 and its 200 day moving average price is $5.40. The stock has a market cap of $252.91 million and a price-to-earnings ratio of 38.46.
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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