Doubleview Gold (CVE:DBG) Stock Price Up 19.4% – Should You Buy?

Doubleview Gold Corp. (CVE:DBG)’s stock price rose 19.4% on Thursday . The company traded as high as C$0.76 and last traded at C$0.74. Approximately 501,916 shares changed hands during trading, an increase of 131% from the average daily volume of 217,272 shares. The stock had previously closed at C$0.62.

Wall Street Analysts Forecast Growth

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

Doubleview Gold Trading Up 1.4 %

The firm has a market capitalization of C$152.76 million, a PE ratio of -96.99 and a beta of 1.27. The business has a 50-day moving average of C$0.46 and a 200 day moving average of C$0.41.

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.