Unigold (CVE:UGD) Shares Pass Below 50-Day Moving Average – Should You Sell?

Unigold Inc. (CVE:UGD) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.28 and traded as low as C$0.23. Unigold shares last traded at C$0.23, with a volume of 1,002 shares traded.

Unigold Stock Up 7.0%

The firm has a market capitalization of C$77.92 million, a P/E ratio of -23.00 and a beta of 0.58. The business’s 50-day simple moving average is C$0.28 and its 200 day simple moving average is C$0.28.

Insider Activity

In related news, Director Jose Francisco Arata sold 200,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$0.30, for a total transaction of C$60,000.00. Following the transaction, the director owned 1,050,000 shares of the company’s stock, valued at approximately C$315,000. This trade represents a 16.00% decrease in their position. Company insiders own 10.11% of the company’s stock.

Unigold Company Profile

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.