Doubleview Gold (CVE:DBG) Shares Up 9.8% - Still a Buy?

Shares of Doubleview Gold Corp. (CVE:DBG - Get Free Report) rose 9.8% during trading on Thursday . The company traded as high as C$0.60 and last traded at C$0.56. Approximately 236,730 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 208,233 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 report on Monday, January 6th.

Doubleview Gold Trading Down 1.7 %

The company's 50-day moving average price is C$0.41 and its two-hundred day moving average price is C$0.40. The company has a market cap of C$122.64 million, a P/E ratio of -77.87 and a beta of 1.27.

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.