Doubleview Gold (CVE:DBG) Trading 1.5% Higher - Still a Buy?

Doubleview Gold Corp. (CVE:DBG - Get Free Report) shot up 1.5% during trading on Thursday . The company traded as high as C$0.69 and last traded at C$0.67. 68,674 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 257,998 shares. The stock had previously closed at C$0.66.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.39 price target on shares of Doubleview Gold and gave the stock a "buy" rating in a report on Wednesday, March 26th.

Doubleview Gold Stock Up 1.5%

The firm has a market capitalization of C$146.30 million, a price-to-earnings ratio of -92.89 and a beta of 1.27. The company has a fifty day moving average price of C$0.68 and a two-hundred day moving average price of C$0.58.

Insider Buying and Selling

In related news, Director Farshad Shirvani sold 150,000 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$0.81, for a total transaction of C$121,500.00. Insiders sold a total of 178,000 shares of company stock valued at $141,550 over the last three months. 18.15% of the stock is currently owned by company insiders.

Doubleview Gold Company Profile

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.