Doubleview Gold (CVE:DBG) Trading Down 7.1% - Time to Sell?

Key Points

• Doubleview Gold Corp. stock price fell by 7.1%, closing at C$0.52, with a significant trading volume decline of 39% compared to its average sessions.
• Insider trading activity revealed that Director Farshad Shirvani sold 148,000 shares at an average price of C$0.63, contributing to a total of 232,000 shares sold by insiders in the last ninety days.
• The company's market cap stands at C$109.73 million with a PE ratio of -69.67, indicating potential struggles in profitability.

Doubleview Gold Corp. (CVE:DBG - Get Free Report)'s share price fell 7.1% during trading on Thursday . The stock traded as low as C$0.52 and last traded at C$0.52. 145,476 shares were traded during mid-day trading, a decline of 39% from the average session volume of 240,177 shares. The stock had previously closed at C$0.56.

Doubleview Gold Stock Performance

The stock has a market capitalization of C$111.88 million, a PE ratio of -71.04 and a beta of 1.27. The company's fifty day simple moving average is C$0.64 and its two-hundred day simple moving average is C$0.64.

Insider Transactions at Doubleview Gold

In related news, Director Farshad Shirvani sold 148,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of C$0.63, for a total value of C$93,240.00. Insiders have sold a total of 232,000 shares of company stock worth $150,265 in the last ninety days. Insiders own 18.15% of the company's stock.

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.