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

Key Points

• Loncor Gold Inc. experienced a significant increase in short interest, with a 132.4% rise from June to July, reaching a total of 210,800 shares.
• The company's stock price remained stable at $0.48, with a market cap of $84.31 million and a current ratio indicating a solid liquidity position.
• Loncor Gold holds an 84.68% interest in the Adumbi project, which encompasses two mining licenses in the northeastern Democratic Republic of the Congo.

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 210,800 shares, agrowthof132.4% from the June 30th total of 90,700 shares. Based on an average trading volume of 503,100 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 503,100 shares, the days-to-cover ratio is currently 0.4 days.

Loncor Gold Price Performance

Shares of OTCMKTS LONCF traded up $0.00 during midday trading on Thursday, reaching $0.48. The stock had a trading volume of 152,672 shares, compared to its average volume of 222,824. The company has a market capitalization of $85.05 million, a price-to-earnings ratio of -16.14 and a beta of 0.51. Loncor Gold has a 12-month low of $0.25 and a 12-month high of $0.74. The stock has a 50-day moving average of $0.43 and a 200-day moving average of $0.44. 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 (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.

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.