Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Down 25.5% in March

Loncor Gold Inc. (OTCMKTS:LONCF) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 44,100 shares, a drop of 25.5% from the February 28th total of 59,200 shares. Based on an average daily trading volume, of 148,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Loncor Gold Trading Down 2.7 %

OTCMKTS:LONCF traded down $0.01 during trading hours on Tuesday, hitting $0.43. The stock had a trading volume of 188,301 shares, compared to its average volume of 62,744. The company has a market cap of $66.33 million, a PE ratio of -3.06 and a beta of 0.92. The business has a 50 day simple moving average of $0.40 and a two-hundred day simple moving average of $0.36. Loncor Gold has a 1-year low of $0.24 and a 1-year high of $0.46.

About Loncor Gold

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.