Unigold (CVE:UGD) Shares Down 34.7% – What’s Next?

Unigold Inc. (CVE:UGD) traded down 34.7% on Tuesday . The company traded as low as C$0.24 and last traded at C$0.25. 692,349 shares changed hands during trading, an increase of 107% from the average session volume of 334,455 shares. The stock had previously closed at C$0.38.

Unigold Trading Down 34.7%

The firm has a market cap of C$73.68 million, a P/E ratio of -14.00 and a beta of 0.76. The business has a 50-day moving average price of C$0.39 and a 200-day moving average price of C$0.26.

Insider Activity at Unigold

In other news, Director Joseph Andrew Hamilton sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of C$0.42, for a total value of C$27,300.00. Following the completion of the sale, the director owned 2,792,500 shares of the company’s stock, valued at approximately C$1,172,850. This represents a 2.27% decrease in their position. Also, Director Charles Elijah Page sold 75,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of C$0.43, for a total transaction of C$32,250.00. Following the transaction, the director owned 387,050 shares in the company, valued at approximately C$166,431.50. This represents a 16.23% decrease in their ownership of the stock. Insiders sold a total of 254,000 shares of company stock valued at $104,010 in the last ninety days. Corporate 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.