Doubleview Gold (CVE:DBG) Trading Up 14.3% - Should You Buy?

Doubleview Gold Corp. (CVE:DBG) saw its stock price increase by 14.3% during trading sessions on Wednesday. The stock reached a high of C$0.66 before concluding the trading day at C$0.64. Overall, 305,771 shares changed hands, which is a substantial rise of 47% compared to the average trading volume of 208,161 shares. The previous closing price was C$0.56.

Analyst Ratings

In related news, Fundamental Research recently established a price target of C$0.77 on Doubleview Gold shares and assigned the stock a "buy" rating in a report published on January 6th.

Stock Overview

The company's market capitalization stands at C$129.09 million, with a price-to-earnings (P/E) ratio of -81.96 and a beta of 1.27. Notably, the stock has a 50-day moving average price of C$0.44 and a 200-day moving average price of C$0.41.

About Doubleview Gold

Doubleview Gold Corp. focuses on the acquisition, exploration, and development of mineral resources in British Columbia. The firm specializes in finding deposits of copper, gold, silver, and zinc. Among its key assets, Doubleview holds 100% ownership of the Hat property, which consists of nine mineral claims spanning approximately 3,561.43 hectares in northwestern British Columbia. Additionally, the company owns a 90% interest in the Red Spring property, comprising six mineral claims that cover about 4,224.34 hectares in the Omineca district of British Columbia.

Investment Considerations

If you are contemplating an investment in Doubleview Gold, it is advisable to be aware of the recommendations from leading Wall Street analysts. Although the stock is currently rated as a buy, some analysts believe there are five other stocks that present better investment opportunities at this time. Always conduct thorough research and consider various opinions before making investment decisions.

Doubleview, Gold, Stocks