After Today’s Huge Increase, Is Unigold Inc.’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Unigold Inc.'s Near Term Analysis Positive?

The stock of Unigold Inc. (CVE:UGD) is a huge mover today! About 81,500 shares traded hands. Unigold Inc. (CVE:UGD) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
The move comes after 7 months positive chart setup for the $14.81 million company. It was reported on Nov, 9 by Barchart.com. We have $0.47 PT which if reached, will make CVE:UGD worth $6.07 million more.

More important recent Unigold Inc. (CVE:UGD) news were published by: Marketwired.com which released: “Evanachan Limited Discloses Holdings in Unigold Inc.” on May 25, 2016, also Marketwired.com published article titled: “Unigold Extends Massive Sulphide Mineralization Intersecting 21.2 Metres …”, Investorideas.com published: “#Mining News: Red Cloud Klondike Strike 4th Annual Fall Mining Showcase” on October 04, 2016. More interesting news about Unigold Inc. (CVE:UGD) was released by: Nasdaq.com and their article: “Caribbean Island Gold: Scott Jobin-Bevans” with publication date: May 02, 2012.

Unigold Inc. is a Canada-based junior natural resource firm focused on exploring and developing its land position in the Dominican Republic, within the Cretaceous age, Tireo Formation. The company has a market cap of $14.81 million. The Tireo Formation is a gold and base metal district, and is approximately 75-kilometer wide series of volcanic and sedimentary rocks trending northwesterly across the island of Hispaniola The Firm owns 100% of the exploration rights for gold, silver, copper, zinc and all associated minerals on the Neita Property in the north western Dominican Republic, as well as an option for the commercial mining of the mineral deposits. It currently has negative earnings. The Firm operates through its Canadian subsidiary, Unigold Resources Inc., and approximately 97% owned subsidiary, Unigold Dominicana, S.R.L.

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