Loncor Gold (TSE:LN) Announces Earnings Results

Loncor Gold (TSE:LN) issued its earnings results on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports.

Loncor Gold Stock Performance

Shares of TSE:LN traded down C$0.01 during trading on Friday, hitting C$1.29. 140,158 shares of the company traded hands, compared to its average volume of 285,835. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average is C$1.17 and its 200-day moving average is C$0.83. The stock has a market capitalization of C$228.07 million, a price-to-earnings ratio of -43.00 and a beta of 0.29. Loncor Gold has a one year low of C$0.44 and a one year high of C$1.33.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.70 price objective on shares of Loncor Gold and gave the company a “buy” rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$1.70.

About Loncor Gold

Loncor Gold Inc is a gold exploration and project development company with projects in the North East of the DRC. Elements of management have had 25 years of exposure to the DRC. The company is focused on expanding the 3.66M oz Adumbi resource, 220kms from Africa’s largest gold producer, the Kibali Mine.