Unigold (CVE:UGD) Shares Up 18.9% – Time to Buy?

Unigold Inc. (CVE:UGD) shot up 18.9% during trading on Wednesday . The company traded as high as C$0.23 and last traded at C$0.22. 246,500 shares changed hands during trading, an increase of 41% from the average session volume of 174,295 shares. The stock had previously closed at C$0.19.

Unigold Trading Up 18.9%

The firm has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.17. The company has a market capitalization of C$66.17 million, a price-to-earnings ratio of -14.00 and a beta of 0.53.

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.