Unigold (CVE:UGD) Stock Price Down 11.1% - Here's Why

Key Points

• Unigold Inc.'s stock price decreased by 11.1%, closing at C$0.20 after trading as low as C$0.19 on Monday.
• Trading volume rose significantly, with approximately 299,074 shares exchanged, marking an 85% increase over the average daily volume.
• The company's market cap stands at C$54.55 million, and it has a P/E ratio of -14.00, indicating a challenging financial performance.

Unigold Inc. (CVE:UGD - )'s stock price dropped 11.1% on Monday . The stock traded as low as C$0.19 and last traded at C$0.20. Approximately 299,074 shares changed hands during trading, an increase of 85% from the average daily volume of 161,809 shares. The stock had previously closed at C$0.23.

Unigold Stock Performance

The firm has a 50 day moving average of C$0.15 and a two-hundred day moving average of 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.

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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