Doubleview Gold (CVE:DBG) Stock Price Down 7% – Should You Sell?

Doubleview Gold Corp. (CVE:DBG)’s stock price dropped 7% during trading on Friday . The stock traded as low as C$2.22 and last traded at C$2.26. 132,068 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 546,371 shares. The stock had previously closed at C$2.43.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$5.01 target price on Doubleview Gold and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$5.01.

Doubleview Gold Stock Down 9.5%

The stock’s 50-day simple moving average is C$2.64 and its 200 day simple moving average is C$2.12. The company has a market cap of C$517.49 million, a price-to-earnings ratio of -110.00 and a beta of 1.77.

Insider Activity

In other news, Director Farshad Shirvani sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$2.71, for a total value of C$677,500.00. Following the transaction, the director directly owned 27,597,907 shares in the company, valued at approximately C$74,790,327.97. This represents a 0.90% decrease in their position. Company insiders own 18.15% of the company’s stock.

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.