Doubleview Gold (CVE:DBG) Stock Price Up 19.3% - Should You Buy?

Shares of Doubleview Gold Corp. (CVE:DBG - Get Free Report) shot up 19.3% on Wednesday . The company traded as high as C$0.80 and last traded at C$0.68. 851,763 shares were traded during mid-day trading, an increase of 226% from the average session volume of 261,592 shares. The stock had previously closed at C$0.57.

Analyst Upgrades and Downgrades

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

Doubleview Gold Price Performance

The stock has a market cap of C$135.55 million, a price-to-earnings ratio of -86.06 and a beta of 1.27. The firm has a 50 day simple moving average of C$0.71 and a two-hundred day simple moving average of C$0.55.

Insider Activity

In other news, Director Farshad Shirvani sold 150,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of C$0.81, for a total value of C$121,500.00. Insiders sold a total of 178,000 shares of company stock valued at $141,550 in the last ninety days. 18.15% of the stock is owned by 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.