Loncor Gold Inc. (TSE:LN - Get Free Report) shares rose 1.1% on Tuesday . The company traded as high as C$0.95 and last traded at C$0.89. Approximately 270,718 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 196,023 shares. The stock had previously closed at C$0.88.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$1.70 target price on shares of Loncor Gold and gave the stock a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Loncor Gold presently has an average rating of "Buy" and an average target price of C$1.70.
View Our Latest Stock Analysis on LN
Loncor Gold Stock Up 2.1%
The stock has a 50 day moving average price of C$0.73 and a 200 day moving average price of C$0.65. The company has a market capitalization of C$172.57 million, a P/E ratio of -32.67 and a beta of -0.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 1.73.
Loncor Gold Company Profile
(
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Loncor Gold Inc is a gold exploration and project development company with projects in the North East of the DRC. Elements of management have had 25 years of exposure to the DRC. The company is focused on expanding the 3.66M oz Adumbi resource, 220kms from Africa's largest gold producer, the Kibali Mine.
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