Doubleview Gold (CVE:DBG) Shares Down 11% – Here’s Why

Shares of Doubleview Gold Corp. (CVE:DBG) dropped 11% on Friday . The company traded as low as C$0.73 and last traded at C$0.73. Approximately 1,081,443 shares were traded during mid-day trading, an increase of 302% from the average daily volume of 268,994 shares. The stock had previously closed at C$0.82.

Analysts Set New Price Targets

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

Doubleview Gold Trading Down 1.2 %

The business’s 50 day moving average price is C$0.50 and its two-hundred day moving average price is C$0.42. The company has a market capitalization of C$174.27 million, a price-to-earnings ratio of -110.65 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.