Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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.

>>6 Gold & Silver Stocks for the Eurozone Debt Crisis

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.

If you liked this article you might like

Shares of Distressed Rex Energy Jump with Asset Sale

Rex Energy (REXX) Is Today's Strong On High Volume Stock

Here’s Why Rex Energy (REXX) Stock is Plunging Today

Rex Energy (REXX) Flagged As Strong On High Volume

Weak On High Volume: Rex Energy (REXX)