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Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Up 101.8% in September

Loncor Gold logo with Basic Materials background

Key Points

  • Loncor Gold Inc. experienced a significant increase in short interest of 101.8% in September, rising to a total of 400,700 shares.
  • The company's stock is currently trading at $0.93, reflecting a 0.9% decline in value during trading on Monday.
  • Loncor Gold holds an 84.68% interest in its Adumbi project, located in the Ngayu greenstone belt in the Democratic Republic of the Congo.
  • Interested in Loncor Gold? Here are five stocks we like better.

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 400,700 shares, an increase of 101.8% from the September 15th total of 198,600 shares. Based on an average daily volume of 462,700 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 462,700 shares, the short-interest ratio is currently 0.9 days.

Loncor Gold Stock Down 0.9%

LONCF traded down $0.01 during trading on Monday, hitting $0.93. The stock had a trading volume of 194,930 shares, compared to its average volume of 212,183. The company has a market capitalization of $164.41 million, a PE ratio of -46.60 and a beta of 0.66. Loncor Gold has a twelve month low of $0.29 and a twelve month high of $0.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.62 and a current ratio of 4.62. The stock has a 50 day simple moving average of $0.68 and a two-hundred day simple moving average of $0.53.

About Loncor Gold

(Get Free Report)

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.

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