DRDGOLD Ltd. (DRD) Trading 3.8% Higher
DRDGOLD Ltd. (NYSE:DRD) traded up 3.8% on Thursday . The company traded as high as $7.48 and last traded at $7.33, with a volume of 338,966 shares changing hands. The stock had previously closed at $7.06.
Separately, JPMorgan Chase & Co. downgraded DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.
The firm’s 50 day moving average price is $6.30 and its 200 day moving average price is $4.50. The firm has a market cap of $309.40 million and a PE ratio of 49.93.
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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