Doubleview Gold (CVE:DBG) Trading Up 19.9% – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG)’s stock price was up 19.9% during mid-day 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 trading, an increase of 41% from the average daily volume of 547,977 shares. The stock had previously closed at C$2.06.

Analyst Ratings Changes

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

Doubleview Gold Stock Up 20.4%

The stock’s 50 day moving average price is C$2.65 and its 200-day moving average price is C$2.11. The stock has a market capitalization of C$583.35 million, a PE ratio of -124.00 and a beta of 1.77.

Insiders Place Their Bets

In related news, Director Farshad Shirvani sold 250,000 shares of the company’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 transaction, the director 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. Corporate 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.