DRDGOLD Ltd. (DRD) Sees Unusually-High Trading Volume
DRDGOLD Ltd. (NYSE:DRD) shares saw unusually-strong trading volume on Wednesday . Approximately 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. cut DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.
The company’s 50-day moving average price is $7.88 and its 200-day moving average price is $5.41. The firm has a market cap of $273.99 million and a PE ratio of 41.40.
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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