Unigold (CVE:UGD) Trading Down 16.7% – Here’s Why

Unigold Inc. (CVE:UGDGet Free Report) was down 16.7% during mid-day trading on Saturday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 284,000 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 146,726 shares. The stock had previously closed at C$0.15.

Unigold Stock Down 16.7%

The company’s 50 day simple moving average is C$0.09 and its 200-day simple moving average is C$0.08. The firm has a market cap of C$34.28 million, a P/E ratio of -12.00 and a beta of 1.27.

About Unigold

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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.

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