DRDGOLD Ltd. (DRD) Trading Down 6.3%
DRDGOLD Ltd. (NYSE:DRD) shares fell 6.3% on Wednesday . The company traded as low as $6.90 and last traded at $7.08, with a volume of 596,511 shares changing hands. The stock had previously closed at $7.56.
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 cap of $297.59 million and a PE ratio of 48.69. The firm’s 50-day moving average price is $6.08 and its 200 day moving average price is $4.42.
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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