Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Down 63.5% in May

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 137,500 shares, a drop of 63.5% from the May 15th total of 377,200 shares. Based on an average trading volume of 1,101,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Loncor Gold Stock Performance

Loncor Gold stock traded up $0.01 during midday trading on Monday, reaching $0.40. 328,021 shares of the company were exchanged, compared to its average volume of 186,296. Loncor Gold has a 1 year low of $0.24 and a 1 year high of $0.74. The company has a market capitalization of $69.65 million, a price-to-earnings ratio of -2.84 and a beta of 0.53. The firm's 50-day simple moving average is $0.47 and its 200-day simple moving average is $0.42.

Loncor Gold (OTCMKTS:LONCF - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter.

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.