Doubleview Gold (CVE:DBG) Stock Price Down 1.7% - Here's Why

Key Points

• Doubleview Gold Corp. (CVE:DBG) saw its stock price decline by 1.7% to C$0.59 during mid-day trading, with trading volume down by 77% compared to its average.
• The company's market capitalization is approximately C$126.94 million, and it has a 50-day moving average price of C$0.60.
• Recent insider trading activity includes a director selling 148,000 shares at an average price of C$0.63, with insiders having sold a total of 221,000 shares over the last three months.

Doubleview Gold Corp. (CVE:DBG - ) fell 1.7% during mid-day trading on Wednesday . The stock traded as low as C$0.59 and last traded at C$0.59. 52,546 shares were traded during mid-day trading, a decline of 77% from the average session volume of 228,333 shares. The stock had previously closed at C$0.60.

Doubleview Gold Stock Performance

The company has a market cap of C$126.94 million, a price-to-earnings ratio of -80.60 and a beta of 1.27. The firm's 50-day moving average price is C$0.60 and its 200 day moving average price is C$0.65.

Insider Buying and Selling

In other Doubleview Gold news, Director Farshad Shirvani sold 148,000 shares of Doubleview Gold stock in a transaction on Friday, July 18th. The shares were sold at an average price of C$0.63, for a total transaction of C$93,240.00. Over the last three months, insiders have sold 221,000 shares of company stock worth $142,455. 18.15% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.