Doubleview Gold (CVE:DBG) Stock Price Down 7% – Here’s Why

Doubleview Gold Corp. (CVE:DBG)’s stock price was down 7% during mid-day trading on Friday . The company traded as low as C$0.53 and last traded at C$0.53. Approximately 145,784 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 206,965 shares. The stock had previously closed at C$0.57.

Analyst Upgrades and Downgrades

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

Doubleview Gold Price Performance

The stock has a market capitalization of C$124.79 million, a PE ratio of -79.23 and a beta of 1.27. The company’s 50 day moving average price is C$0.43 and its two-hundred day moving average price is C$0.41.

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.