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

Doubleview Gold Corp. (CVE:DBG) was down 11% during mid-day trading on Friday . The stock traded as low as C$0.73 and last traded at C$0.73. Approximately 1,081,443 shares changed hands during mid-day 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 Analyst Weigh In

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

Doubleview Gold Stock Performance

The company has a fifty day simple moving average of C$0.50 and a 200 day simple moving average of C$0.42. The stock has a market capitalization of C$174.27 million, a price-to-earnings 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.