DRDGOLD Ltd. (NYSE:DRD)’s share price dropped 16.5% on Monday . The company traded as low as $6.12 and last traded at $6.71, with a volume of 1,996,194 shares traded. The stock had previously closed at $8.04.

Separately, JPMorgan Chase & Co. lowered shares of DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th.

The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $5.40. The stock has a market capitalization of $261.76 million and a P/E ratio of 39.81.

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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