Doubleview Gold (CVE:DBG) Shares Up 1.1% – Should You Buy?

Doubleview Gold Corp. (CVE:DBG) rose 1.1% on Monday . The stock traded as high as C$1.88 and last traded at C$1.84. 759,309 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 547,218 shares. The stock had previously closed at C$1.82.

Doubleview Gold Price Performance

The firm has a 50 day moving average of C$2.07 and a 200-day moving average of C$2.33. The stock has a market capitalization of C$430.82 million, a P/E ratio of -61.00 and a beta of 1.79.

Insider Activity

In other news, Director Farshad Shirvani sold 187,700 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of C$2.06, for a total transaction of C$386,662.00. Following the completion of the transaction, the director directly owned 27,885,207 shares of the company’s stock, valued at approximately C$57,443,526.42. This trade represents a 0.67% decrease in their position. In the last ninety days, insiders have sold 458,700 shares of company stock valued at $935,436. Corporate 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.