Doubleview Gold (CVE:DBG) Shares Up 11.8% – Time to Buy?

Doubleview Gold Corp. (CVE:DBG) 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 were traded 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 Ratings Changes

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

Doubleview Gold Stock Performance

The stock’s 50 day moving average price is C$0.40 and its 200 day moving average price is C$0.40. The company has a market capitalization of C$124.79 million, a P/E ratio of -79.23 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.