Doubleview Gold (CVE:DBG) Stock Price Up 11.8% – Should You Buy?

Doubleview Gold Corp. (CVE:DBG)’s share price rose 11.8% on Thursday . The stock traded as high as C$0.58 and last traded at C$0.57. Approximately 194,105 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 206,030 shares. The stock had previously closed at C$0.51.

Analysts Set New Price Targets

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

Doubleview Gold Price Performance

The stock has a market cap of C$124.79 million, a P/E ratio of -79.23 and a beta of 1.27. The firm’s fifty day moving average price is C$0.40 and its two-hundred day moving average price 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.