Loncor Gold (OTCMKTS:LONCF) Trading Down 2.7% - What's Next?

Key Points

• Loncor Gold Inc. shares fell by 2.7%, trading as low as $0.47 before closing at $0.48, significantly down from an average daily volume of 155,820 shares.
• The company holds an 84.68% interest in the Adumbi project, which is located in the Ngayu greenstone belt in the Democratic Republic of the Congo.
• Loncor Gold has a market cap of $83.96 million and a negative PE ratio of -23.84, indicating financial challenges in its current operations.

Shares of Loncor Gold Inc. (OTCMKTS:LONCF - ) dropped 2.7% during mid-day trading on Tuesday . The company traded as low as $0.47 and last traded at $0.48. Approximately 35,667 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 155,820 shares. The stock had previously closed at $0.49.

Loncor Gold Price Performance

The company has a market cap of $83.96 million, a PE ratio of -23.84 and a beta of 0.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50 day moving average of $0.44 and a 200-day moving average of $0.44.

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.

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