Loncor Gold (OTCMKTS:LONCF) Shares 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.

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

Loncor Gold Trading Up 18.5%

The company has a current ratio of 4.62, a quick ratio of 0.56 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $103.90 million, a price-to-earnings ratio of -29.50 and a beta of 0.51. The firm has a 50-day moving average of $0.45 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.