Doubleview Gold (CVE:DBG) Stock Price Down 5.6% – Time to Sell?

Doubleview Gold Corp. (CVE:DBG) shares traded down 5.6% during trading on Monday . The company traded as low as C$2.00 and last traded at C$2.01. Approximately 796,302 shares were traded during trading, an increase of 51% from the average daily volume of 526,938 shares. The stock had previously closed at C$2.13.

Wall Street Analyst Weigh In

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

Doubleview Gold Stock Down 1.0%

The firm’s 50 day moving average price is C$2.32 and its two-hundred day moving average price is C$2.26. The firm has a market capitalization of C$473.20 million, a PE ratio of -67.00 and a beta of 1.79.

Insider Buying and Selling at Doubleview Gold

In other news, Director Farshad Shirvani sold 135,400 shares of Doubleview Gold stock in a transaction dated Friday, July 17th. The stock was sold at an average price of C$2.03, for a total transaction of C$274,862.00. Following the sale, the director directly owned 27,614,207 shares of the company’s stock, valued at approximately C$56,056,840.21. The trade was a 0.49% decrease in their ownership of the stock. Insiders sold 708,700 shares of company stock worth $1,612,936 in the last three months. 18.15% of the stock is owned by company insiders.

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.