Loncor Gold (OTCMKTS:LONCF) Shares Up 2% - Should You Buy?

Key Points

• Loncor Gold Inc. shares increased by 2% during trading, reaching a last trade price of $0.60 and a market capitalization of $105.66 million.
• The company focuses on gold and platinum exploration, holding an 84.68% interest in the Adumbi project located in the Democratic Republic of the Congo.
• Loncor Gold has a strong financial position indicated by a quick ratio and current ratio of 4.62, and a low debt-to-equity ratio of 0.01.

Loncor Gold Inc. (OTCMKTS:LONCF - ) shot up 2% during trading on Tuesday . The company traded as high as $0.63 and last traded at $0.60. 218,254 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 214,834 shares. The stock had previously closed at $0.59.

Loncor Gold Trading Up 2.0%

The firm has a market capitalization of $105.66 million, a price-to-earnings ratio of -30.00 and a beta of 0.53. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $0.49 and its 200 day moving average is $0.46.

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.

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