Unigold (CVE:UGD) Trading Down 4.4% - Here's Why

Key Points

• Unigold Inc. (CVE:UGD) shares fell 4.4% during mid-day trading, reaching a low of C$0.22, with trading volume increasing by 47% compared to its average daily volume.
• The company has a market cap of C$55.95 million and is currently reporting a P/E ratio of -14.00.
• Unigold focuses on exploring and developing gold projects in Canada and the Dominican Republic, holding a 100% interest in the Neita property and the Candelones Oxide project.

Shares of Unigold Inc. (CVE:UGD - ) dropped 4.4% during mid-day trading on Monday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 236,184 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 160,972 shares. The stock had previously closed at C$0.23.

Unigold Trading Down 11.1%

The firm has a market cap of C$55.95 million, a P/E ratio of -14.00 and a beta of 0.90. The company's fifty day moving average price is C$0.15 and its two-hundred day moving average price is 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.