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

Doubleview Gold Corp. (CVE:DBG)’s stock price rose 19.9% during trading on Thursday . The company traded as high as C$2.49 and last traded at C$2.47. Approximately 772,960 shares changed hands during trading, an increase of 41% from the average session volume of 547,977 shares. The stock had previously closed at C$2.06.

Analyst Upgrades and Downgrades

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

Doubleview Gold Stock Up 20.4%

The stock has a market capitalization of C$583.35 million, a P/E ratio of -124.00 and a beta of 1.77. The business has a fifty day moving average price of C$2.65 and a 200-day moving average price of C$2.11.

Insiders Place Their Bets

In other Doubleview Gold news, Director Farshad Shirvani sold 250,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$2.71, for a total transaction of C$677,500.00. Following the transaction, the director owned 27,597,907 shares in the company, valued at approximately C$74,790,327.97. This represents a 0.90% decrease in their position. Company insiders own 18.15% of the company’s stock.

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.