Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Update

Loncor Gold Inc. (OTCMKTS:LONCF) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 202,174 shares, a decline of 18.5% from the November 30th total of 247,932 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 226,297 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 226,297 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Loncor Gold Stock Up 0.0%

Shares of LONCF traded up $0.00 during trading hours on Wednesday, hitting $0.98. The company had a trading volume of 36,820 shares, compared to its average volume of 239,795. The stock has a market capitalization of $172.80 million, a price-to-earnings ratio of -32.58 and a beta of 0.74. The firm has a fifty day moving average price of $0.95 and a 200-day moving average price of $0.71. Loncor Gold has a 52-week low of $0.35 and a 52-week high of $0.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.42.

Loncor Gold (OTCMKTS:LONCF) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter.

Loncor Gold Company Profile

Loncor Gold Inc is a Canadian exploration company concentrated on the acquisition, exploration and development of gold properties in the Democratic Republic of Congo. It trades on the OTC Markets under the ticker LONCF and on the Toronto Stock Exchange under the symbol LGC.

The company’s core assets comprise a portfolio of exploration licences covering more than 8,600 square kilometres along the Ngayu greenstone belt in northeastern DRC. This Archean belt has seen limited modern exploration, and Loncor has reported significant discoveries at its Adumbi deposit and other target zones, indicating potential for high-grade gold mineralisation.

Loncor’s operations focus on systematic drilling campaigns, geological mapping and resource delineation to advance projects toward feasibility.