Unigold (CVE:UGD) Trading 7.1% Higher - What's Next?

Key Points

• Shares jumped 7.1% to C$0.45 on Monday with ~611,520 shares traded (an 81% rise versus average), and the price sits above the 50‑day (C$0.38) and 200‑day (C$0.25) moving averages.
• Insider selling occurred on March 23 (Director Charles E. Page sold 75,000 shares at C$0.43; Director Joseph A. Hamilton sold 65,000 at C$0.42), with insiders selling 254,000 shares in the past three months while still owning 10.11% of the company.
• Unigold is a junior explorer focused on gold (and some copper/silver/zinc) with a market cap of C$135.34 million and a negative P/E (-14), holding projects including the Neita and Candelones assets in the Dominican Republic.

Unigold Inc. (CVE:UGD - )'s share price rose 7.1% on Monday . The stock traded as high as C$0.45 and last traded at C$0.45. Approximately 611,520 shares changed hands during trading, an increase of 81% from the average daily volume of 338,423 shares. The stock had previously closed at C$0.42.

Unigold Stock Performance

The stock has a market cap of C$135.34 million, a P/E ratio of -14.00 and a beta of 0.52. The business's 50-day moving average price is C$0.38 and its 200-day moving average price is C$0.25.

Insider Activity

In other news, Director Charles Elijah Page sold 75,000 shares of Unigold stock in a transaction dated 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 transaction, the director directly owned 387,050 shares of the company's stock, valued at 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 value 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 trade represents a 2.27% decrease in their ownership of the stock. Insiders have sold 254,000 shares of company stock valued at $104,010 in the last three months. 10.11% of the stock is currently owned by corporate insiders.

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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