Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Update

Key Points

• Loncor Gold Inc. experienced a **34.6% decline** in short interest in July, with total short interest falling from **210,800 shares to 137,800 shares**.
• The company's stock currently has a market capitalization of **$83.75 million** and shows a **12-month high** of **$0.7383**.
• Loncor Gold focuses on the **acquisition and exploration of precious metal projects**, primarily in the Democratic Republic of the Congo and Canada.

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 137,800 shares, adecreaseof34.6% from the July 15th total of 210,800 shares. Based on an average daily trading volume, of 382,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately0.1% of the company's shares are short sold. Approximately0.1% of the company's shares are short sold. Based on an average daily trading volume, of 382,500 shares, the days-to-cover ratio is presently 0.4 days.

Loncor Gold Trading Up 18.5%

Shares of LONCF traded up $0.0920 during trading hours on Friday, hitting $0.59. 953,676 shares of the stock were exchanged, compared to its average volume of 142,597. The firm has a market capitalization of $103.90 million, a P/E ratio of -29.50 and a beta of 0.51. Loncor Gold has a fifty-two week low of $0.2545 and a fifty-two week high of $0.7383. The business has a 50-day moving average of $0.45 and a 200-day moving average of $0.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.62 and a quick ratio of 0.56.

Loncor Gold Company Profile

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.