Unigold (CVE:UGD) Shares Up 10% – Time to Buy?

Unigold Inc. (CVE:UGD)’s stock price was up 10% on Tuesday . The stock traded as high as C$0.39 and last traded at C$0.39. Approximately 222,973 shares changed hands during trading, a decline of 37% from the average daily volume of 353,946 shares. The stock had previously closed at C$0.35.

Unigold Stock Performance

The company’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.22. The company has a market cap of C$126.32 million, a price-to-earnings ratio of -14.00 and a beta of 1.15.

Insider Activity at Unigold

In other news, Director Charles Elijah Page sold 75,000 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of C$0.43, for a total transaction of C$32,250.00. Following the completion of the sale, the director owned 387,050 shares in the company, valued at approximately C$166,431.50. This represents a 16.23% decrease in their position. Also, Director Joseph Andrew Hamilton sold 65,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of C$0.42, for a total value of C$27,300.00. Following the sale, the director directly owned 2,792,500 shares of the company’s stock, valued at approximately C$1,172,850. This represents a 2.27% decrease in their ownership of the stock. Insiders own 10.11% of the company’s stock.

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.