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

Shares of Doubleview Gold Corp. (CVE:DBGGet Free Report) dropped 7% during mid-day trading on Friday . The stock traded as low as C$2.22 and last traded at C$2.26. 132,068 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 546,371 shares. The stock had previously closed at C$2.43.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$5.01 target price on Doubleview Gold and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Doubleview Gold currently has a consensus rating of “Buy” and an average price target of C$5.01.

Check Out Our Latest Report on DBG

Doubleview Gold Stock Down 9.5%

The firm has a market capitalization of C$517.49 million, a price-to-earnings ratio of -110.00 and a beta of 1.77. The stock has a 50-day moving average price of C$2.64 and a 200 day moving average price of C$2.12.

Insider Buying and Selling

In other Doubleview Gold news, Director Farshad Shirvani sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$2.71, for a total transaction of C$677,500.00. Following the completion of the transaction, the director owned 27,597,907 shares in the company, valued at C$74,790,327.97. The trade was a 0.90% decrease in their position. 18.15% of the stock is owned by company insiders.

Doubleview Gold Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Doubleview Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Doubleview Gold and related companies with MarketBeat.com's FREE daily email newsletter.