Doubleview Gold (CVE:DBG) Shares Up 11.8% – Time to Buy?

Doubleview Gold Corp. (CVE:DBG) rose 11.8% during mid-day trading on Thursday . The stock traded as high as C$0.58 and last traded at C$0.57. Approximately 194,105 shares traded hands during trading, a decline of 6% from the average daily volume of 206,030 shares. The stock had previously closed at C$0.51.

Wall Street Analysts Forecast Growth

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

Doubleview Gold Stock Up 13.7 %

The firm has a market capitalization of C$124.79 million, a P/E ratio of -79.23 and a beta of 1.27. The company’s 50 day moving average is C$0.40 and its 200-day moving average is C$0.40.

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.