Doubleview Gold (CVE:DBG) Trading Down 5.5% – Here’s Why

Doubleview Gold Corp. (CVE:DBG) shares dropped 5.5% during trading on Wednesday . The stock traded as low as C$2.55 and last traded at C$2.60. Approximately 230,400 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 577,981 shares. The stock had previously closed at C$2.75.

Analyst Ratings Changes

Separately, Fundamental Research set a C$5.01 target price on shares of Doubleview Gold and gave the stock a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$5.01.

Doubleview Gold Trading Down 5.5%

The firm’s fifty day moving average price is C$2.73 and its 200-day moving average price is C$1.91. The company has a market cap of C$585.58 million, a P/E ratio of -260.00 and a beta of 1.69.

Insider Activity

In other news, Director Farshad Shirvani sold 250,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$2.71, for a total transaction of C$677,500.00. Following the transaction, the director owned 27,597,907 shares in the company, valued at approximately C$74,790,327.97. The trade was a 0.90% decrease in their position. Insiders own 18.15% of the company’s stock.

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.