Unigold (CVE:UGD) Stock Price Down 34.7% - Time to Sell?

Key Points

• Stock plunge: Unigold (CVE:UGD) fell about 34.7% intraday to C$0.24–0.25 on heavy volume (~692,349 shares, +107% vs. average), trading well below its 50‑day MA (C$0.39) and near its 200‑day MA (C$0.26).
• Insider selling: Two directors sold a combined 179,000 shares recently (average prices ~C$0.39–0.42), with insiders selling 254,000 shares in the last 90 days and now owning 10.11% of the company.
• Company profile & valuation: Unigold is a junior gold explorer active in the Dominican Republic and Canada (Neita and Candelones projects), with a market cap of C$73.68 million and a negative P/E of -14.00.

Unigold Inc. (CVE:UGD - ) dropped 34.7% during mid-day trading on Tuesday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 692,349 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 334,455 shares. The stock had previously closed at C$0.38.

Unigold Trading Down 34.7%

The company has a market cap of C$73.68 million, a PE ratio of -14.00 and a beta of 0.76. The business's 50 day moving average is C$0.39 and its two-hundred day moving average is C$0.26.

Insider Activity

In other news, Director Charles Elijah Page sold 114,000 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$0.39, for a total value of C$44,460.00. Following the completion of the transaction, the director owned 462,050 shares of the company's stock, valued at C$180,199.50. This represents a 19.79% decrease in their ownership of the stock. Also, Director Joseph Andrew Hamilton sold 65,000 shares of the company's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of C$0.42, for a total value of C$27,300.00. Following the completion of the transaction, the director owned 2,792,500 shares of the company's stock, valued at C$1,172,850. The trade was a 2.27% decrease in their ownership of the stock. Insiders sold 254,000 shares of company stock worth $104,010 over the last 90 days. Company insiders own 10.11% of the company's stock.

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.

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