Loncor Gold (OTCMKTS:LONCF) Shares Down 3.4% - Here's What Happened

Key Points

• Loncor Gold shares dropped 3.4% during mid-day trading, reaching a low of <$0.47> with 166,072 shares traded, marking a 24% decline from its average daily volume.
• The company has a market cap of $82.81 million, a price-to-earnings ratio of -15.73, and holds an 84.68% interest in the Adumbi gold project in northeastern Congo.
• Loncor Gold announced earnings of ($0.01) earnings per share in its latest report on May 14th.

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) fell 3.4% on Monday . The stock traded as low as $0.47 and last traded at $0.47. 166,072 shares changed hands during trading, a decline of 24% from the average session volume of 219,777 shares. The stock had previously closed at $0.49.

Loncor Gold Price Performance

The company has a 50-day moving average of $0.43 and a two-hundred day moving average of $0.43. The stock has a market capitalization of $80.80 million, a PE ratio of -15.33 and a beta of 0.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.56 and a quick 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) 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.