DRDGOLD Limited (NYSE:DRD) : Traders are bullish on DRDGOLD Limited (NYSE:DRD) as it has outperformed the S&P 500 by a wide margin of 63.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 33.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 35.45% in the last 1 week, and is up 66.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 414.71% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $8.80 and the one year low was seen on Aug 10, 2015. The 50-Day Moving Average price is $5.51 and the 200 Day Moving Average price is recorded at $4.10.
The stock has recorded a 20-day Moving Average of 51.57% and the 50-Day Moving Average is 66.22%.
DRDGOLD Limited (NYSE:DRD): stock turned positive on Friday. Though the stock opened at $8.08, the bulls momentum made the stock top out at $8.8 level for the day. The stock recorded a low of $7.75 and closed the trading day at $8.75, in the green by 7.49%. The total traded volume for the day was 1,165,350. The stock had closed at $8.14 in the previous days trading.
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 Companys operating entity. Ergo is a surface retreatment operator. Ergos assets cover an area approximately 62 kilometers from east to west and 25 kilometers from north to south. The Company operates approximately two metallurgical plants, two milling and pump stations, a network of pipelines and the Brakpan tailings facility (BTF). The Ergo plant has a total retreatment capacity of 1.8 million tons per month. The Companys product is dore bars. Ergo beneficiates its crude bullion (approximately 85% gold, 7% to 8% silver, some copper and other elements) at its smelter. Ergo is wholly owned by Ergo Mining Operations Proprietary Limited (EMO).