Doubleview Gold (CVE:DBG) Stock Price Down 5.6% – Time to Sell?

Doubleview Gold Corp. (CVE:DBG)’s stock price traded down 5.6% during trading on Monday . The company traded as low as C$2.00 and last traded at C$2.01. 796,302 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 526,938 shares. The stock had previously closed at C$2.13.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$5.01 price objective 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 MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$5.01.

Doubleview Gold Stock Down 5.6%

The firm has a 50 day moving average of C$2.35 and a 200 day moving average of C$2.25. The firm has a market cap of C$473.20 million, a price-to-earnings ratio of -67.00 and a beta of 1.79.

Insider Activity

In other Doubleview Gold news, Director Farshad Shirvani sold 250,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$2.71, for a total transaction of C$677,500.00. Following the transaction, the director directly 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. In the last quarter, insiders sold 708,700 shares of company stock worth $1,612,936. 18.15% of the stock is currently owned by corporate insiders.

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.