Insider Selling: Doubleview Gold (CVE:DBG) Director Sells 250,000 Shares of Stock

Doubleview Gold Corp. (CVE:DBG) Director Farshad Shirvani sold 250,000 shares of the firm’s 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 completion of the sale, the director owned 27,597,907 shares of the company’s stock, valued at approximately C$74,790,327.97. This trade represents a 0.90% decrease in their ownership of the stock.

Doubleview Gold Trading Up 5.5%

Doubleview Gold stock traded up C$0.14 during mid-day trading on Wednesday, hitting C$2.70. The stock had a trading volume of 517,211 shares, compared to its average volume of 603,370. The stock has a 50-day simple moving average of C$2.55 and a two-hundred day simple moving average of C$1.70. The stock has a market capitalization of C$608.10 million, a PE ratio of -270.00 and a beta of 1.74. Doubleview Gold Corp. has a 12 month low of C$0.47 and a 12 month high of C$3.50.

Wall Street Analyst Weigh In

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

Doubleview Gold Company Profile

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.