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Unigold ( (TSE:UGD) ) just unveiled an update.
Unigold Inc. has successfully closed a non-brokered private placement, raising $140,000 through the issuance of 1,400,000 units at $0.10 per unit. The proceeds will support the company’s ongoing permitting and development efforts on its Neita Sur Concession in the Dominican Republic, as well as general working capital. This strategic financial move is expected to bolster Unigold’s operational capabilities and enhance its position within 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 is primarily engaged in advancing its projects in the Dominican Republic, with a market focus on gold exploration and development.
Average Trading Volume: 113,029
Technical Sentiment Signal: Buy
Current Market Cap: C$40.41M
Find detailed analytics on UGD stock on TipRanks’ Stock Analysis page.