Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Down 34.6% in July

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 - ) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 137,800 shares, adeclineof34.6% from the July 15th total of 210,800 shares. Based on an average trading volume of 382,500 shares, the short-interest ratio is presently 0.4 days. Approximately0.1% of the shares of the company are short sold. Approximately0.1% of the shares of the company are short sold. Based on an average trading volume of 382,500 shares, the short-interest ratio is presently 0.4 days.

Loncor Gold Stock Performance

Shares of LONCF traded down $0.0130 during mid-day trading on Tuesday, reaching $0.4768. 35,667 shares of the company's stock traded hands, compared to its average volume of 193,734. The business's 50-day moving average price is $0.44 and its 200-day moving average price is $0.44. The stock has a market capitalization of $83.75 million, a P/E ratio of -23.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.56 and a current ratio of 0.56. Loncor Gold has a 12 month low of $0.2545 and a 12 month high of $0.7383.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.