Unigold (CVE:UGD) Shares Down 11.1% - Here's What Happened

Key Points

• Unigold Inc. shares dropped by 11.1% during trading, reaching a low of C$0.19 before closing at C$0.20.
• The stock's average trading volume increased by 85%, with 299,074 shares changing hands compared to the normal volume of 161,449 shares.
• Unigold is a junior natural resource company with a focus on exploring gold, copper, silver, and zinc deposits, primarily in Canada and the Dominican Republic.

Unigold Inc. (CVE:UGD - ) shares fell 11.1% during mid-day trading on Monday . The company traded as low as C$0.19 and last traded at C$0.20. 299,074 shares traded hands during mid-day trading, an increase of 85% from the average session volume of 161,449 shares. The stock had previously closed at C$0.23.

Unigold Trading Down 13.3%

The stock's 50-day moving average is C$0.15 and its 200-day moving average is C$0.12. The stock has a market cap of C$54.55 million, a P/E ratio of -14.00 and a beta of 0.90.

About Unigold

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.

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