Doubleview Gold Corp (OTCMKTS:DBLVF) (TSXV:DBG) Stock Sees Selling Pressure At Higher Level: Here is Why

Doubleview Gold Corp (OTCMKTS:DBLVF) (TSXV:DBG) dropped 13% after the company announced that the OTC Market Group has approved trading of its stock on OTC Venture Market under ticker “DBLVF.” The company’s shares started trading in the exchange on December 15, 2021.

Market Stats

On Friday, DBLVF stock fell 12.75% to $0.1745 with more than 105k shares, compared to its average volume of 84.38k shares. The stock has moved within a range of $0.1745 – 0.1909 after opening trading at $0.19.

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However, Doubleview will continue trading on the TSX Venture Exchange under the ticker symbol “DBG.” Following the approval, the company’s shares will qualify for electronic clearing and settlement vial the Depositary Trust Company. The Depositary Trust & Clearing Corp subsidiary conducts electronic share clearing and settlement for publicly listed companies across the US. Eligibility for DTC enhances the rate of receiving shares and cash and expedites the process of settling.

Besides the OTCQB in the US and TSX Venture Exchange, the company’s shares are listed on the Frankfurt Stock Exchange in Europe under symbol 1D4 as well as WKN German instrument A1W038. CEO Farshad Shirvani stated that they are delighted to qualify for OTCQB listing, which gives a chance to expand international investors’ base. So investors should watch DBLVF.