Shares of Loncor Gold Inc. (TSE:LN – Get Free Report) dropped 17.2% during mid-day trading on Monday . The company traded as low as C$0.50 and last traded at C$0.53. Approximately 131,800 shares were traded during trading, an increase of 126% from the average daily volume of 58,295 shares. The stock had previously closed at C$0.64.
Loncor Gold Trading Down 18.8 %
The company has a current ratio of 2.24, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average is C$0.53 and its two-hundred day moving average is C$0.44. The stock has a market capitalization of C$80.40 million, a PE ratio of -2.74 and a beta of 1.16.
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.
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