Doubleview Gold (CVE:DBG) Stock Price Up 11.8% – Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Doubleview Gold Trading Up 1.8 %

The stock has a 50 day simple moving average of C$0.40 and a 200-day simple moving average of C$0.40. The firm 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.