DRDGOLD Ltd. (DRD) Shares Up 4.3%
DRDGOLD Ltd. (NYSE:DRD)’s share price shot up 4.3% on Thursday . The company traded as high as $6.33 and last traded at $6.26, with a volume of 254,262 shares. The stock had previously closed at $6.00.
Separately, JPMorgan Chase & Co. lowered 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 price of $7.83 and a 200 day moving average price of $5.43. The stock has a market cap of $265.14 million and a P/E ratio of 40.06.
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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