Doubleview Gold (CVE:DBG) Stock Price Down 3.7% - Time to Sell?

Key Points

• Doubleview Gold Corp. shares experienced a decline of 3.7%, trading as low as C$0.51 before closing at C$0.52, with a total volume drop of 29% from its average.
• Insider selling activity is notable, with 221,000 shares sold in the last 90 days, raising concerns among investors about the company's future prospects.
• The company, which holds key mineral resource properties in British Columbia, focuses on exploring copper, gold, silver, and zinc deposits.

Doubleview Gold Corp. (CVE:DBG - )'s share price fell 3.7% during trading on Thursday . The stock traded as low as C$0.51 and last traded at C$0.52. 161,081 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 227,796 shares. The stock had previously closed at C$0.54.

Doubleview Gold Price Performance

The firm has a 50-day moving average price of C$0.57 and a 200 day moving average price of C$0.66. The company has a market cap of C$110.45 million, a price-to-earnings ratio of -52.00 and a beta of -0.24.

Insider Activity at Doubleview Gold

In related news, Director Farshad Shirvani sold 148,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of C$0.63, for a total transaction of C$93,240.00. Insiders sold a total of 221,000 shares of company stock valued at $142,455 over the last 90 days. 18.15% of the stock is currently owned by corporate 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.