Loncor Gold Inc. (TSE:LN - Get Free Report)'s stock price dropped 1.6% during trading on Monday . The company traded as low as C$0.62 and last traded at C$0.63. Approximately 36,092 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 208,523 shares. The stock had previously closed at C$0.64.
Analysts Set New Price Targets
Separately, Fundamental Research set a C$1.70 price target on shares of Loncor Gold and gave the stock a "buy" rating in a research note on Wednesday.
Check Out Our Latest Report on LN
Loncor Gold Stock Performance
The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.61. The company has a market cap of C$70.66 million, a PE ratio of -2.17 and a beta of 1.16. The business's fifty day moving average is C$0.59 and its 200-day moving average is C$0.61.
About Loncor Gold
(
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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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