Short Interest in Loncor Gold Inc. (OTCMKTS:LONCF) Drops By 63.5%

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

Loncor Gold Price Performance

LONCF traded down $0.01 on Friday, reaching $0.39. 292,956 shares of the company's stock were exchanged, compared to its average volume of 185,968. The stock's fifty day moving average price is $0.47 and its 200-day moving average price is $0.42. Loncor Gold has a twelve month low of $0.24 and a twelve month high of $0.74. The stock has a market cap of $68.22 million, a PE ratio of -2.79 and a beta of 0.53.

Loncor Gold (OTCMKTS:LONCF - Get Free Report) last released its quarterly earnings results 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.