Doubleview Gold (CVE:DBG) Trading 7.8% Higher – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG) shares traded up 7.8% during mid-day trading on Thursday . The stock traded as high as C$0.55 and last traded at C$0.55. 43,100 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 202,133 shares. The stock had previously closed at C$0.51.

Analyst Upgrades and Downgrades

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

Doubleview Gold Stock Performance

The firm’s 50-day moving average price is C$0.40 and its 200 day moving average price is C$0.40. The company has a market cap of C$126.94 million, a price-to-earnings ratio of -80.60 and a beta of 1.27.

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.