Doubleview Gold (CVE:DBG) Shares Up 19.4% – Here’s Why

Doubleview Gold Corp. (CVE:DBG)’s share price shot up 19.4% during trading on Thursday . The stock traded as high as C$0.76 and last traded at C$0.74. 501,916 shares traded hands during mid-day trading, an increase of 131% from the average session volume of 217,272 shares. The stock had previously closed at C$0.62.

Analyst Upgrades and Downgrades

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 Stock Performance

The company has a 50-day moving average of C$0.45 and a 200-day moving average of C$0.41. The stock has a market capitalization of C$148.45 million, a price-to-earnings ratio of -94.26 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.