DRDGOLD Ltd. (DRD) Trading Up 4.3%
DRDGOLD Ltd. (NYSE:DRD)’s share price was up 4.3% during trading on Thursday . The company traded as high as $8.62 and last traded at $8.52, with a volume of 414,605 shares trading hands. The stock had previously closed at $8.17.
Separately, JPMorgan Chase & Co. cut DRDGOLD from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 12th.
The firm has a 50 day moving average of $7.16 and a 200 day moving average of $4.92. The stock has a market cap of $356.61 million and a P/E ratio of 56.03.
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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