Loncor Gold (TSE:LN) Shares Down 1.1% – Here’s What Happened

Shares of Loncor Gold Inc. (TSE:LN) traded down 1.1% during trading on Friday . The stock traded as low as C$0.47 and last traded at C$0.47. 14,900 shares traded hands during trading, a decline of 59% from the average session volume of 36,238 shares. The stock had previously closed at C$0.48.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.80 price target on Loncor Gold and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

Loncor Gold Stock Down 1.1 %

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 company has a market cap of C$72.67 million, a PE ratio of -2.47 and a beta of 1.16. The company’s 50 day moving average is C$0.43 and its 200 day moving average is C$0.40.

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.