Doubleview Gold (CVE:DBG) Shares Down 7% – Here’s Why

Shares of Doubleview Gold Corp. (CVE:DBG) dropped 7% during trading on Friday . The stock traded as low as C$0.53 and last traded at C$0.53. Approximately 145,784 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 206,965 shares. The stock had previously closed at C$0.57.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.77 target price on shares of Doubleview Gold and gave the company a “buy” rating in a report on Monday, January 6th.

Doubleview Gold Price Performance

The stock has a 50 day moving average price of C$0.42 and a two-hundred day moving average price of C$0.40. The firm has a market capitalization of C$124.79 million, a price-to-earnings ratio of -79.23 and a beta of 1.27.

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.