Doubleview Gold (CVE:DBG) Stock Price Up 11.2% – Should You Buy?

Doubleview Gold Corp. (CVE:DBG)’s stock price traded up 11.2% during trading on Monday . The stock traded as high as C$2.83 and last traded at C$2.78. 247,799 shares changed hands during trading, a decline of 56% from the average daily volume of 563,361 shares. The stock had previously closed at C$2.50.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Doubleview Gold currently has a consensus rating of “Buy” and a consensus target price of C$5.01.

Doubleview Gold Trading Up 8.4%

The firm has a market cap of C$610.35 million, a price-to-earnings ratio of -271.00 and a beta of 1.69. The firm has a 50 day moving average price of C$2.79 and a 200-day moving average price of C$1.99.

Insider Buying and Selling

In related news, Director Farshad Shirvani sold 250,000 shares of the stock in a transaction dated 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 sale, the director directly owned 27,597,907 shares of the company’s stock, valued at approximately C$74,790,327.97. This represents a 0.90% decrease in their position. Insiders own 18.15% of the company’s stock.

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.