Doubleview Gold (CVE:DBG) Stock Price Up 19.4% – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG)’s stock price shot up 19.4% during trading on Thursday . The company traded as high as C$0.76 and last traded at C$0.74. 501,916 shares were traded during mid-day trading, an increase of 131% from the average session volume of 217,272 shares. The stock had previously closed at C$0.62.

Wall Street Analyst Weigh In

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

Doubleview Gold Stock Performance

The company has a market capitalization of C$148.45 million, a PE ratio of -94.26 and a beta of 1.27. The firm’s 50-day simple moving average is C$0.45 and its 200 day simple moving average is C$0.41.

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.