Loncor Gold Inc. (OTCMKTS:LONCF) Sees Large Decline in Short Interest

Loncor Gold Inc. (OTCMKTS:LONCF) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 25,500 shares, a drop of 32.7% from the January 15th total of 37,900 shares. Based on an average trading volume of 121,000 shares, the short-interest ratio is currently 0.2 days.

Loncor Gold Stock Down 4.8 %

Shares of LONCF traded down $0.02 during mid-day trading on Friday, hitting $0.38. The company had a trading volume of 6,400 shares, compared to its average volume of 38,427. The business’s 50-day simple moving average is $0.39 and its 200-day simple moving average is $0.33. Loncor Gold has a 1-year low of $0.22 and a 1-year high of $0.45. The stock has a market cap of $58.46 million, a PE ratio of -2.70 and a beta of 0.91.

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.