Doubleview Gold (CVE:DBG) Stock Price Down 11% – Here’s What Happened

Doubleview Gold Corp. (CVE:DBG)’s share price dropped 11% during mid-day trading on Friday . The company traded as low as C$0.73 and last traded at C$0.73. Approximately 1,081,443 shares changed hands during trading, an increase of 302% from the average daily volume of 268,994 shares. The stock had previously closed at C$0.82.

Wall Street Analysts Forecast Growth

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

Doubleview Gold Trading Down 1.2 %

The company has a fifty day simple moving average of C$0.49 and a two-hundred day simple moving average of C$0.42. The company has a market cap of C$174.27 million, a PE ratio of -110.65 and a beta of 1.27.

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.