Shares of Doubleview Gold Corp. (CVE:DBG – Get Free Report) were down 5.5% during mid-day trading on Wednesday . The stock traded as low as C$2.55 and last traded at C$2.60. Approximately 230,400 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 577,981 shares. The stock had previously closed at C$2.75.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$5.01 price objective on shares of Doubleview Gold and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$5.01.
Get Our Latest Stock Report on Doubleview Gold
Doubleview Gold Trading Down 5.5%
Insider Buying and Selling
In related news, Director Farshad Shirvani sold 250,000 shares of Doubleview Gold stock in a transaction 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 transaction, the director owned 27,597,907 shares in the company, valued at C$74,790,327.97. This trade represents a 0.90% decrease in their position. 18.15% of the stock is owned by company insiders.
About Doubleview Gold
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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