Unigold (CVE:UGD) Shares Down 13.3% - Should You Sell?

Key Points

• Unigold Inc. shares decreased by 13.3%, trading as low as C$0.19, with a closing price of C$0.20 after a significant increase in trading volume.
• The company has a market capitalization of C$54.55 million and reports a negative price-to-earnings ratio of -14.00.
• Unigold focuses on exploring and developing gold projects in Canada and the Dominican Republic, as well as searching for copper, silver, and zinc deposits.

Unigold Inc. (CVE:UGD - )'s stock price was down 13.3% on Monday . The company traded as low as C$0.19 and last traded at C$0.20. Approximately 312,074 shares changed hands during mid-day trading, an increase of 93% from the average daily volume of 161,888 shares. The stock had previously closed at C$0.23.

Unigold Stock Down 13.3%

The firm has a market cap of C$54.55 million, a price-to-earnings ratio of -14.00 and a beta of 0.90. The firm has a fifty day moving average price of C$0.15 and a 200-day moving average price of C$0.12.

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.

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