Insider Selling: Unigold (CVE:UGD) Director Sells 50,000 Shares of Stock

Unigold Inc. (CVE:UGD) Director Jose Francisco Arata sold 50,000 shares of Unigold stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$0.26, for a total value of C$13,000.00. Following the sale, the director owned 1,000,000 shares of the company’s stock, valued at approximately C$260,000. This represents a 4.76% decrease in their ownership of the stock.

Jose Francisco Arata also recently made the following trade(s):

• On Friday, May 15th, Jose Francisco Arata sold 200,000 shares of Unigold stock. The shares were sold at an average price of C$0.30, for a total value of C$60,000.00.

Unigold Price Performance

Shares of UGD stock traded up C$0.02 during trading on Friday, reaching C$0.27. The company had a trading volume of 64,500 shares, compared to its average volume of 308,068. The firm’s 50 day simple moving average is C$0.33 and its two-hundred day simple moving average is C$0.27. Unigold Inc. has a one year low of C$0.11 and a one year high of C$0.47. The company has a market capitalization of C$89.78 million, a PE ratio of -26.50 and a beta of 0.51.

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.