Doubleview Gold (CVE:DBG) Trading 5.7% Higher – Time to Buy?

Doubleview Gold Corp. (CVE:DBG) shares rose 5.7% during mid-day trading on Wednesday . The stock traded as high as C$0.56 and last traded at C$0.56. Approximately 167,871 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 210,151 shares. The stock had previously closed at C$0.53.

Analysts Set New Price Targets

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

Doubleview Gold Trading Up 7.1 %

The company has a market cap of C$129.09 million, a price-to-earnings ratio of -81.96 and a beta of 1.27. The business has a 50-day moving average price of C$0.44 and a 200 day moving average price of C$0.41.

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.