Unigold (CVE:UGD) Stock Price Down 13.3% - Here's Why

Key Points

• Unigold Inc. shares experienced a sharp decline of 13.3% during trading on Monday, reaching a low of C$0.19 before recovering slightly to C$0.20.
• The stock's trading volume surged by 113% from its average, with 344,574 shares traded, indicating increased investor activity.
• Unigold focuses on exploring and developing gold projects primarily in Canada and the Dominican Republic, holding significant interests in properties like the Neita property and the Candelones Oxide project.

Unigold Inc. (CVE:UGD - ) shares traded down 13.3% during trading on Monday . The stock traded as low as C$0.19 and last traded at C$0.20. 344,574 shares were traded during trading, an increase of 113% from the average session volume of 162,082 shares. The stock had previously closed at C$0.23.

Unigold Stock Performance

The stock has a market capitalization of C$54.55 million, a price-to-earnings ratio of -14.00 and a beta of 0.90. The company has a 50 day moving average of C$0.15 and a 200 day moving average of C$0.12.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.