Doubleview Gold (CVE:DBG) Stock Price Up 11.8% – Still a Buy?

Doubleview Gold Corp. (CVE:DBG)’s share price rose 11.8% during trading on Thursday . The stock traded as high as C$0.58 and last traded at C$0.57. Approximately 196,105 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 207,361 shares. The stock had previously closed at C$0.51.

Wall Street Analyst Weigh In

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

Doubleview Gold Trading Up 9.8 %

The firm has a market capitalization of C$120.48 million, a P/E ratio of -76.50 and a beta of 1.27. The stock has a 50-day simple moving average of C$0.40 and a two-hundred day simple moving average of 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.