Insider Selling: Doubleview Gold (CVE:DBG) Director Sells 250,000 Shares of Stock

Doubleview Gold Corp. (CVE:DBG) Director Farshad Shirvani sold 250,000 shares of Doubleview Gold stock in a transaction that occurred on 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 sale, the director owned 27,597,907 shares in the company, valued at C$74,790,327.97. This represents a 0.90% decrease in their position.

Doubleview Gold Stock Performance

Shares of DBG stock traded up C$0.14 during mid-day trading on Wednesday, reaching C$2.70. 517,211 shares of the company were exchanged, compared to its average volume of 603,370. Doubleview Gold Corp. has a fifty-two week low of C$0.47 and a fifty-two week high of C$3.50. The company has a market capitalization of C$608.10 million, a P/E ratio of -270.00 and a beta of 1.74. The business’s 50 day simple moving average is C$2.55 and its 200 day simple moving average is C$1.70.

Analyst Upgrades and Downgrades

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

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.