DRDGold

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DRDGold ( DROOY) is a South African gold mining company engaged in underground and surface gold mining, including exploration, extraction, processing and smelting. This stock is trading up 1.7% to $6.84 in recent trading after hitting a 52-week high of $7.03 earlier in the day.

Today's Range: $6.86-$7.03

52-week Range: $4.21-$7.03

Volume: 214,300

Three-Month Average Volume: 149,938

DRDGold has a market cap of $264.03 million and an enterprise value of $241.21 million. The stock trades at a price-to-book of 1.60 and a price-to-sales of 0.78.

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From a technical standpoint, this stock is triggering a big breakout today now that shares are moving above some near-term overhead resistance at $6.88 a share on solid volume. Traders should now watch for a sustained move and close above $6.88 to signal that DROOY wants to trend higher. I would target a run towards its next significant overhead resistance levels at $7.70 to $8.70 if the bulls gain full control of this stock.

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