DRDGOLD Ltd. (DRD) Sees Unusually-High Trading Volume
DRDGOLD Ltd. (NYSE:DRD) saw strong trading volume on Tuesday . 708,096 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 467,698 shares.The stock last traded at $7.21 and had previously closed at $6.46.
The company has a 50-day moving average price of $5.32 and a 200 day moving average price of $4.02. The firm has a market cap of $338.90 million and a P/E ratio of 56.62.
The business also recently announced a special dividend, which was paid on Thursday, June 9th. Investors of record on Friday, May 27th were given a dividend of $0.243 per share. This is an increase from DRDGOLD’s previous special dividend of $0.16. The ex-dividend date was Wednesday, May 25th. This represents a dividend yield of 1.33%.
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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