Unigold Completes $146,600 Private Placement to Advance Dominican Republic Project

Unigold ( (TSE:UGD) ) has shared an update.

Unigold Inc. has successfully closed a non-brokered private placement, raising $146,600 through the issuance of 1,832,500 units priced at $0.08 each. The funds will be allocated towards ongoing permitting and development efforts at the Neita Sur Concession in the Dominican Republic and for general working capital. This financial move is expected to bolster Unigold’s operational capabilities and enhance its market positioning in the mining 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. operates in the mining industry, focusing on the exploration and development of mineral properties. The company’s primary focus is on its Neita Sur Concession in the Dominican Republic, where it is engaged in permitting and development activities.

Average Trading Volume: 141,786

Technical Sentiment Signal: Hold

Current Market Cap: C$21.94M

See more data about UGD stock on TipRanks’ Stock Analysis page.