Unigold (CVE:UGD) Stock Price Down 1.3% Following Insider Selling

Unigold Inc. (CVE:UGD)’s stock price dropped 1.3% during trading on Monday following insider selling activity. The stock traded as low as C$0.38 and last traded at C$0.38. Approximately 265,313 shares changed hands during trading, a decline of 25% from the average daily volume of 356,110 shares. The stock had previously closed at C$0.39.

Specifically, Director Joseph Andrew Hamilton sold 65,000 shares of the 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 directly owned 2,792,500 shares in the company, valued at approximately C$1,172,850. This represents a 2.27% decrease in their ownership of the stock. Also, Director Charles Elijah Page sold 75,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was 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. This trade represents a 16.23% decrease in their position.

Unigold Stock Performance

The firm has a market cap of C$105.26 million, a price-to-earnings ratio of -14.00 and a beta of 1.15. The company has a 50 day moving average price of C$0.29 and a 200 day moving average price of C$0.22.

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. 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.