Doubleview Gold (CVE:DBG) Stock Price Up 7.8% – Should You Buy?

Shares of Doubleview Gold Corp. (CVE:DBG) were up 7.8% during trading on Thursday . The stock traded as high as C$0.55 and last traded at C$0.55. Approximately 43,100 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 202,133 shares. The stock had previously closed at C$0.51.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.77 price target on shares of Doubleview Gold and gave the stock a “buy” rating in a research note on Monday, January 6th.

Doubleview Gold Stock Performance

The stock has a market capitalization of C$124.79 million, a PE ratio of -79.23 and a beta of 1.27. The business’s 50-day moving average is C$0.40 and its two-hundred day moving average is C$0.40.

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.