Doubleview Gold (CVE:DBG) Shares Up 19.4% – Here’s Why

Shares of Doubleview Gold Corp. (CVE:DBG) traded up 19.4% during mid-day trading on Thursday . The stock traded as high as C$0.76 and last traded at C$0.74. 501,916 shares were traded during mid-day trading, an increase of 131% from the average session volume of 217,272 shares. The stock had previously closed at C$0.62.

Wall Street Analysts Forecast Growth

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

Doubleview Gold Stock Performance

The company’s 50-day moving average price is C$0.45 and its two-hundred day moving average price is C$0.41. The stock has a market cap of C$148.45 million, a PE ratio of -94.26 and a beta of 1.27.

About Doubleview Gold

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.