Unigold ( (TSE:UGD) ) has shared an update.
Unigold Inc. announced a non-brokered private placement to raise up to $150,000 through the issuance of 1,875,000 units. The funds will support ongoing exploration and development of the Neita Concession in the Dominican Republic and general working capital. This move underscores Unigold’s commitment to advancing its projects and maintaining its position as a key player in the region’s mineral exploration sector.
Spark’s Take on TSE:UGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:UGD is a Underperform.
Unigold’s overall stock score is low due to significant financial challenges, including negative earnings and cash flows, and a declining equity position. While technical analysis shows some positive momentum, the lack of profitability and poor valuation metrics weigh heavily on the overall score.
To see Spark’s full report on TSE:UGD stock, click here.
More about Unigold
Unigold Inc. is a Canadian-based mineral exploration company that operates primarily in the Dominican Republic. It is listed on the TSX Venture Exchange, OTC Exchange, and Frankfurt Stock Exchange. The company focuses on discovering gold in the Caribbean, particularly within its Neita Concession, which hosts significant gold deposits. Unigold has been active in the Dominican Republic since 2002 and is the leading exploration company in the country, with a focus on bringing its Candelones mineralization into production.
Average Trading Volume: 141,845
Technical Sentiment Signal: Buy
Current Market Cap: C$24.68M
See more insights into UGD stock on TipRanks’ Stock Analysis page.