Doubleview Gold (CVE:DBG) Shares Up 7.8% – Time to Buy?

Doubleview Gold Corp. (CVE:DBG)’s share price traded up 7.8% during trading on Thursday . The company traded as high as C$0.55 and last traded at C$0.55. 43,100 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 202,133 shares. The stock had previously closed at C$0.51.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.77 price target on Doubleview Gold and gave the stock a “buy” rating in a research note on Monday, January 6th.

Doubleview Gold Price Performance

The firm has a market capitalization of C$124.79 million, a PE ratio of -79.23 and a beta of 1.27. The company’s fifty day simple moving average is C$0.40 and its 200-day simple moving average is C$0.40.

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.