Unigold (CVE:UGD) Shares Down 4.5% – Should You Sell?

Unigold Inc. (CVE:UGD – Get Free Report) was down 4.5% on Monday. The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 72,500 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 213,079 shares. The stock had previously closed at C$0.22.

Unigold Stock Down 4.5%

The firm has a market cap of C$71.15 million, a price-to-earnings ratio of -21.00 and a beta of 0.22. The stock has a 50 day moving average of C$0.21 and a 200 day moving average of C$0.27.

About Unigold

(Get Free Report)

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.

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