Unigold (CVE:UGD) Stock Price Up 15.1% – Should You Buy?

Unigold Inc. (CVE:UGD) shares were up 15.1% during mid-day trading on Monday . The stock traded as high as C$0.35 and last traded at C$0.31. Approximately 290,211 shares were traded during trading, a decline of 13% from the average daily volume of 333,284 shares. The stock had previously closed at C$0.27.

Unigold Stock Up 13.2%

The stock has a market capitalization of C$101.64 million, a P/E ratio of -30.00 and a beta of 0.76. The company has a 50 day moving average of C$0.37 and a 200-day moving average of C$0.27.

Insider Buying and Selling at Unigold

In related news, Director Joseph Andrew Hamilton sold 65,000 shares of Unigold stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of C$0.42, for a total transaction of C$27,300.00. Following the sale, the director directly owned 2,792,500 shares in the company, valued at C$1,172,850. The trade was a 2.27% decrease in their ownership of the stock. Also, Director Jose Francisco Arata sold 200,000 shares of Unigold stock in a transaction dated 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 sale, the director owned 1,050,000 shares in the company, valued at approximately C$315,000. This represents a 16.00% decrease in their ownership of the stock. Over the last three months, insiders have sold 454,000 shares of company stock worth $164,010. 10.11% of the stock is owned by insiders.

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.