Doubleview Gold (CVE:DBG) Trading Down 7% – Time to Sell?

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

Analyst Ratings Changes

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

Doubleview Gold Stock Performance

The stock has a market cap of C$522.19 million, a price-to-earnings ratio of -111.00 and a beta of 1.77. The company has a 50-day simple moving average of C$2.63 and a two-hundred day simple moving average of C$2.12.

Insider Buying and Selling at Doubleview Gold

In related news, Director Farshad Shirvani sold 250,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$2.71, for a total value of C$677,500.00. Following the sale, the director 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. 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.