Doubleview Gold (CVE:DBG) Shares Up 11.2% – Here’s Why

Doubleview Gold Corp. (CVE:DBG) shot up 11.2% on Monday . The company traded as high as C$2.83 and last traded at C$2.78. 247,799 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 563,361 shares. The stock had previously closed at C$2.50.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$5.01 target price on 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$5.01.

Doubleview Gold Price Performance

The company has a fifty day moving average of C$2.78 and a 200 day moving average of C$2.01. The firm has a market capitalization of C$569.81 million, a P/E ratio of -253.00 and a beta of 1.69.

Insider Buying and Selling at Doubleview Gold

In other news, Director Farshad Shirvani sold 250,000 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 27,597,907 shares in the company, valued at C$74,790,327.97. This represents a 0.90% decrease in their ownership of the stock. 18.15% of the stock is currently owned by company 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.