Doubleview Gold (CVE:DBG) Shares Up 12.5% – Here’s Why

Shares of Doubleview Gold Corp. (CVE:DBG) traded up 12.5% during mid-day trading on Wednesday . The stock traded as high as C$0.63 and last traded at C$0.63. 206,662 shares were traded during trading, a decline of 0% from the average session volume of 207,229 shares. The stock had previously closed at C$0.56.

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 research note on Monday, January 6th.

Doubleview Gold Trading Up 7.1 %

The stock’s 50 day moving average is C$0.44 and its 200-day moving average is C$0.41. The company has a market cap of C$129.09 million, a P/E ratio of -81.96 and a beta of 1.27.

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.