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Loncor Gold (OTCMKTS:LONCF) Stock Price Down 7.7% - Here's Why

Loncor Gold logo with Basic Materials background

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) shares were down 7.7% during mid-day trading on Tuesday . The company traded as low as $0.44 and last traded at $0.45. Approximately 750,783 shares traded hands during trading, an increase of 340% from the average daily volume of 170,483 shares. The stock had previously closed at $0.48.

Loncor Gold Stock Performance

The stock has a 50-day moving average price of $0.47 and a 200-day moving average price of $0.41. The stock has a market cap of $68.49 million, a P/E ratio of -3.10 and a beta of 0.61.

Loncor Gold (OTCMKTS:LONCF - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter.

About Loncor Gold

(Get Free Report)

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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