Loncor Gold Inc. (OTCMKTS:LONCF) Sees Significant Decrease in Short Interest

Loncor Gold Inc. (OTCMKTS:LONCF) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 17,900 shares, a decline of 42.3% from the October 31st total of 31,000 shares. Based on an average trading volume of 53,300 shares, the short-interest ratio is currently 0.3 days.

Loncor Gold Stock Performance

LONCF stock remained flat at $0.32 during trading on Thursday. Loncor Gold has a 12-month low of $0.22 and a 12-month high of $0.37. The company’s 50 day moving average price is $0.32 and its 200 day moving average price is $0.29. The stock has a market capitalization of $49.48 million, a P/E ratio of -2.29 and a beta of 0.96.

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.