Unigold (CVE:UGD) Stock Price Down 1.3% Following Insider Selling

Key Points

• Shares fell 1.3% to C$0.38 on Monday with about 265,313 shares traded, roughly 25% below the stock's average daily volume.
• Insider selling: Two directors sold a combined 140,000 shares on March 23 at about C$0.42–C$0.43, generating roughly C$59,550 and reducing their holdings by 2.27% and 16.23% respectively.
• Company snapshot: Unigold is a junior gold explorer focused on projects in the Dominican Republic and Canada, with a market cap of C$109.77 million and a negative trailing P/E of -14.00.

Unigold Inc. (CVE:UGD - Get Free Report)'s share price dropped 1.3% during trading on Monday following insider selling activity. The stock traded as low as C$0.38 and last traded at C$0.38. Approximately 265,313 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 356,110 shares. The stock had previously closed at C$0.39.

Specifically, 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 transaction of C$27,300.00. Following the transaction, 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 ownership of the stock. Also, Director Charles Elijah Page sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of C$0.43, for a total transaction of C$32,250.00. Following the sale, the director owned 387,050 shares in the company, valued at approximately C$166,431.50. This trade represents a 16.23% decrease in their position.

Unigold Trading Down 5.2%

The company has a market cap of C$109.77 million, a PE ratio of -14.00 and a beta of 1.15. The business has a 50 day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.22.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.