Unigold (CVE:UGD) Shares Down 1.2% – Here’s Why

Unigold Inc. (CVE:UGD) shares fell 1.2% on Monday . The stock traded as low as C$0.37 and last traded at C$0.42. 633,754 shares changed hands during mid-day trading, an increase of 78% from the average session volume of 356,365 shares. The stock had previously closed at C$0.43.

Unigold Trading Down 1.3%

The company’s 50 day moving average price is C$0.28 and its two-hundred day moving average price is C$0.21. The firm has a market cap of C$111.28 million, a PE ratio of -14.00 and a beta of 1.15.

Insiders Place Their Bets

In other Unigold news, Director Charles Elijah Page sold 75,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of C$0.43, for a total transaction of C$32,250.00. Following the completion of the sale, the director owned 387,050 shares of the company’s stock, valued at approximately C$166,431.50. The trade was a 16.23% decrease in their ownership of the stock. Company insiders own 10.11% of the company’s stock.

Unigold Company Profile

Unigold Inc, a junior natural resource company, focuses on exploring and developing gold projects in Canada and the Dominican Republic. The company also explores for copper, silver, and zinc deposits. It holds an 100% interest in the Neita property covering an area of 21,031 hectares in the Dominican Republic; and the Candelones Oxide project situated in the Dominican Republic. The company was formerly known as Caribgold Resources Inc and changed its name to Unigold Inc in December 2002. Unigold Inc was incorporated in 1990 and is headquartered in Toronto, Canada.