Doubleview Gold (CVE:DBG) Stock Price Down 5.5% – Time to Sell?

Doubleview Gold Corp. (CVE:DBGGet Free Report)’s stock price traded down 5.5% during mid-day trading on Wednesday . The stock traded as low as C$2.55 and last traded at C$2.60. 230,400 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 577,981 shares. The stock had previously closed at C$2.75.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on DBG

Doubleview Gold Stock Performance

The stock’s 50-day moving average is C$2.74 and its 200 day moving average is C$1.93. The firm has a market cap of C$664.41 million, a P/E ratio of -295.00 and a beta of 1.69.

Insider Activity at Doubleview Gold

In related news, Director Farshad Shirvani sold 250,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$2.71, for a total value of C$677,500.00. Following the completion of the sale, the director owned 27,597,907 shares in the company, valued at C$74,790,327.97. This represents a 0.90% decrease in their position. 18.15% of the stock is currently owned by corporate insiders.

About Doubleview Gold

(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.

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