Unigold (CVE:UGD) Shares Up 14.3% – What’s Next?

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

Unigold Stock Down 3.3%

The stock has a market cap of C$87.22 million, a price-to-earnings ratio of -29.00 and a beta of 0.76. The company has a 50 day simple moving average of C$0.39 and a 200 day simple moving average of C$0.26.

Insider Activity at Unigold

In other news, 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. This represents a 2.27% decrease in their ownership of the stock. Also, Director Charles Elijah Page sold 114,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were 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 directly owned 462,050 shares of the company’s stock, valued at C$180,199.50. This represents a 19.79% decrease in their position. Insiders sold 254,000 shares of company stock valued at $104,010 in the last ninety days. 10.11% of the stock is currently owned by 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.