Unigold (CVE:UGD) Stock Price Up 14.3% - Here's What Happened

Key Points

• Stock jump: Unigold (CVE:UGD) rose 14.3% mid-day to C$0.28 (from C$0.25) with about 271,000 shares traded, roughly 25% below its average daily volume.
• Insider selling: Two directors sold a combined 140,000 shares on March 23 at ~C$0.42–C$0.43, insiders have sold 254,000 shares in the last three months, and insiders still own 10.11% of the company.
• Business profile & valuation: Unigold is a junior gold/copper explorer with a 100% interest in the Neita property (Dominican Republic), a market cap of C$90.23 million and a negative P/E of -30.00.

Unigold Inc. (CVE:UGD - ) rose 14.3% during mid-day trading on Thursday . The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 271,000 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 359,814 shares. The stock had previously closed at C$0.25.

Unigold Stock Up 22.4%

The stock has a market capitalization of C$90.23 million, a price-to-earnings ratio of -30.00 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 Buying and Selling

In other news, Director Charles Elijah Page sold 75,000 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of C$0.43, for a total value of C$32,250.00. Following the sale, the director directly owned 387,050 shares of the company's stock, valued at approximately C$166,431.50. The trade was a 16.23% decrease in their position. Also, Director Joseph Andrew Hamilton sold 65,000 shares of the business'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 completion of the sale, the director directly owned 2,792,500 shares in the company, valued at C$1,172,850. This trade represents a 2.27% decrease in their ownership of the stock. Insiders sold a total of 254,000 shares of company stock worth $104,010 over the last three months. 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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