Doubleview Gold (CVE:DBG) Reaches New 52-Week High - What's Next?

Key Points

• New 52-week high: Doubleview Gold (CVE:DBG) traded as high as C$2.92, last at C$2.68 on volume of 1,285,318 shares, up about 11.7% from the prior close of C$2.40.
• Valuation and technicals: The company has a market capitalization of C$603.6 million, a negative P/E (-268) and a beta of -0.82, with 50-day and 200-day moving averages at C$1.29 and C$0.97 indicating a strong recent rally.
• Business focus: Doubleview is an exploration/development company targeting copper, gold, silver and zinc in British Columbia, holding 100% of the Hat property (~3,561 ha) and 90% of the Red Spring property (~4,224 ha).

Doubleview Gold Corp. (CVE:DBG - ) reached a new 52-week high during trading on Monday . The stock traded as high as C$2.92 and last traded at C$2.68, with a volume of 1285318 shares trading hands. The stock had previously closed at C$2.40.

Doubleview Gold Trading Up 11.7%

The company has a market capitalization of C$603.60 million, a price-to-earnings ratio of -268.00 and a beta of -0.82. The stock's fifty day simple moving average is C$1.29 and its 200-day simple moving average is C$0.97.

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.

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