Doubleview Gold (CVE:DBG) Shares Down 7% – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG) shares were 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 were traded 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 shares of Doubleview Gold and gave the company a “buy” rating in a research report on Monday, January 6th.

Doubleview Gold Stock Performance

The firm’s 50 day moving average price is C$0.42 and its two-hundred day moving average price is 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.

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.