Doubleview Gold (CVE:DBG) Shares Up 11.2% – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG) traded up 11.2% on Monday . The stock traded as high as C$2.83 and last traded at C$2.78. Approximately 247,799 shares were traded during trading, a decline of 56% from the average session volume of 563,361 shares. The stock had previously closed at C$2.50.

Analyst Upgrades and Downgrades

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

Doubleview Gold Stock Up 8.4%

The stock has a fifty day moving average of C$2.79 and a two-hundred day moving average of C$1.99. The stock has a market cap of C$610.35 million, a price-to-earnings ratio of -271.00 and a beta of 1.69.

Insider Buying and Selling at Doubleview Gold

In other news, Director Farshad Shirvani sold 250,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 27,597,907 shares of the company’s stock, valued at C$74,790,327.97. This represents a 0.90% decrease in their position. 18.15% of the stock is currently owned by company 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.