MOSCOW, Nov 22 (Reuters) - Russian gold miner Uzhuralzoloto (UGC) said on Wednesday it had set the price for its Moscow Exchange initial public offering (IPO) at 0.55 roubles ($0.0061) per share.

UGC, Russia's fourth-largest gold miner, said earlier it would offer up to 5% of its capital in new shares in its IPO. (Reporting by Reuters; Editing by Jacqueline Wong)