Doubleview Gold (CVE:DBG) Shares Up 12.3% – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG) shares shot up 12.3% during mid-day trading on Wednesday . The company traded as high as C$0.73 and last traded at C$0.73. 527,730 shares changed hands during trading, an increase of 122% from the average session volume of 238,074 shares. The stock had previously closed at C$0.65.

Analyst Upgrades and Downgrades

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

Doubleview Gold Trading Up 12.3 %

The stock has a market cap of C$157.06 million, a PE ratio of -99.72 and a beta of 1.27. The firm’s 50-day moving average price is C$0.47 and its two-hundred day moving average price is C$0.42.

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.