DRDGOLD Ltd. (DRD) Sees Strong Trading Volume
DRDGOLD Ltd. (NYSE:DRD) shares saw an uptick in trading volume on Wednesday . 636,737 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 656,632 shares.The stock last traded at $5.23 and had previously closed at $5.52.
Several brokerages have recently weighed in on DRD. JPMorgan Chase & Co. lowered DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th. HSBC lowered DRDGOLD from a “buy” rating to a “hold” rating in a research report on Tuesday.
The stock has a 50 day moving average price of $7.59 and a 200 day moving average price of $5.49. The company has a market cap of $219.61 million and a P/E ratio of 33.18.
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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