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

Loncor Gold Inc. (OTCMKTS:LONCF) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 57,100 shares, a drop of 55.1% from the December 15th total of 127,100 shares. Based on an average daily volume of 20,300 shares, the days-to-cover ratio is presently 2.8 days.

Loncor Gold Stock Performance

Shares of Loncor Gold stock opened at $0.41 on Tuesday. The firm has a market cap of $63.24 million, a P/E ratio of -2.92 and a beta of 0.90. The firm’s 50-day simple moving average is $0.36 and its 200-day simple moving average is $0.31. Loncor Gold has a twelve month low of $0.22 and a twelve month high of $0.44.

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.