Loncor Gold Inc. (OTCMKTS:LONCF) Sees Large Decline in Short Interest

Key Points

• Loncor Gold Inc. experienced a significant decline in short interest in August, decreasing by 21.9% from 174,500 to 136,200 shares.
• The current short-interest ratio stands at 0.3 days, with approximately 0.1% of the company's shares short sold based on an average daily trading volume of 481,500 shares.
• Loncor Gold operates primarily in the Democratic Republic of the Congo, focusing on gold exploration and has a market capitalization of $120.56 million.

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 136,200 shares, a decrease of 21.9% from the August 15th total of 174,500 shares. Based on an average trading volume of 481,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company's shares are short sold. Approximately 0.1% of the company's shares are short sold. Based on an average trading volume of 481,500 shares, the short-interest ratio is presently 0.3 days.

Loncor Gold Stock Up 4.0%

OTCMKTS LONCF traded up $0.03 during trading hours on Friday, hitting $0.71. The company had a trading volume of 139,126 shares, compared to its average volume of 238,052. The firm's 50 day moving average is $0.53 and its 200 day moving average is $0.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.62 and a quick ratio of 4.62. Loncor Gold has a fifty-two week low of $0.29 and a fifty-two week high of $0.74. The company has a market capitalization of $125.03 million, a price-to-earnings ratio of -35.50 and a beta of 0.53.

About Loncor Gold

Loncor Gold Inc, a gold exploration company, engages in the acquisition, exploration, and development of precious metal projects in the Ngayu greenstone belt in the northeast of the Democratic Republic of the Congo and Canada. It explores for gold and platinum deposits. The company holds 84.68% interest in the Adumbi project, which consist of two mining licenses covering an area of 361 square kilometers located within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in northeastern Congo.