Doubleview Gold (CVE:DBG) Stock Price Up 9.2% - Time to Buy?

Shares of Doubleview Gold Corp. (CVE:DBG - Get Free Report) shot up 9.2% during trading on Wednesday . The company traded as high as C$0.73 and last traded at C$0.71. 331,670 shares were traded during trading, an increase of 42% from the average session volume of 233,024 shares. The stock had previously closed at C$0.65.

Wall Street Analysts Forecast Growth

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

Doubleview Gold Trading Down 1.2 %

The stock has a market capitalization of C$174.27 million, a P/E ratio of -110.65 and a beta of 1.27. The business has a fifty day simple moving average of C$0.50 and a 200 day simple moving average of C$0.42.

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.