Doubleview Gold (CVE:DBG) Shares Up 12.5% – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG) was up 12.5% on Wednesday . The stock traded as high as C$0.63 and last traded at C$0.63. Approximately 206,662 shares were traded during trading, a decline of 0% from the average daily volume of 207,229 shares. The stock had previously closed at C$0.56.

Analysts Set New Price Targets

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

Doubleview Gold Trading Up 12.9 %

The stock has a 50-day simple moving average of C$0.45 and a 200 day simple moving average of C$0.41. The stock has a market capitalization of C$150.61 million, a price-to-earnings ratio of -95.63 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.