Doubleview Gold (CVE:DBG) Stock Price Up 19.9% – Time to Buy?

Shares of Doubleview Gold Corp. (CVE:DBGGet Free Report) were up 19.9% during trading on Thursday . The stock traded as high as C$2.49 and last traded at C$2.47. 772,960 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 547,977 shares. The stock had previously closed at C$2.06.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$5.01 price target on Doubleview Gold and gave the stock a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$5.01.

View Our Latest Research Report on DBG

Doubleview Gold Stock Down 8.6%

The business’s fifty day moving average price is C$2.63 and its 200 day moving average price is C$2.12. The firm has a market capitalization of C$522.19 million, a PE ratio of -111.00 and a beta of 1.77.

Insider Buying and Selling

In related news, Director Farshad Shirvani sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$2.71, for a total value of C$677,500.00. Following the completion of the sale, the director directly owned 27,597,907 shares in the company, valued at approximately C$74,790,327.97. The trade was a 0.90% decrease in their ownership of the stock. 18.15% of the stock is owned by company insiders.

Doubleview Gold Company Profile

(Get Free Report)

Doubleview Gold Corp. engages in the acquisition, exploration, and development of mineral resource properties in British Columbia. The company explores for copper, gold, silver, and zinc deposits. It holds a 100% interest in the Hat property with nine mineral claims covering an area of approximately 3,561.43 hectares located in northwestern British Columbia; and 90% interests in the Red Spring property that comprise 6 mineral claims, which covers an area of approximately 4,224.34 hectares situated in Omineca district, British Columbia.

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