Doubleview Gold (CVE:DBG) Trading Up 19.4% – Still a Buy?

Doubleview Gold Corp. (CVE:DBG)’s share price rose 19.4% on Thursday . The stock traded as high as C$0.76 and last traded at C$0.74. Approximately 501,916 shares were traded during trading, an increase of 131% from the average daily 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 price target on Doubleview Gold and gave the stock a “buy” rating in a research note on Monday, January 6th.

Doubleview Gold Stock Performance

The company has a market capitalization of C$148.45 million, a P/E ratio of -94.26 and a beta of 1.27. The company’s fifty day simple moving average is C$0.45 and its 200-day simple moving average is C$0.41.

Doubleview Gold Company Profile

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.