Doubleview Gold (CVE:DBG) Stock Price Up 11.8% – Here’s Why

Doubleview Gold Corp. (CVE:DBG)’s stock price shot up 11.8% during mid-day trading on Thursday . The stock traded as high as C$0.58 and last traded at C$0.57. 194,105 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 206,030 shares. The stock had previously closed at C$0.51.

Analyst Upgrades and Downgrades

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

Doubleview Gold Price Performance

The company has a 50-day simple moving average of C$0.40 and a 200-day simple moving average of C$0.40. The stock has a market cap of C$124.79 million, a PE ratio of -79.23 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.