Unigold (CVE:UGD) Shares Pass Below 50 Day Moving Average – Should You Sell?
by Danessa Lincoln · The Markets DailyUnigold Inc. (CVE:UGD – Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.22 and traded as low as C$0.15. Unigold shares last traded at C$0.17, with a volume of 45,830 shares trading hands.
Unigold Stock Down 5.6%
The stock has a market cap of C$57.60 million, a P/E ratio of -17.00 and a beta of 0.58. The company’s 50 day moving average price is C$0.22 and its 200-day moving average price is C$0.28.
Insiders Place Their Bets
In related news, Director Jose Francisco Arata sold 200,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$0.30, for a total transaction of C$60,000.00. Following the completion of the transaction, the director directly owned 1,050,000 shares of the company’s stock, valued at C$315,000. This trade represents a 16.00% decrease in their position. Insiders sold 450,000 shares of company stock valued at $113,000 in the last three months. Corporate 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.