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

Loncor Gold Inc. (OTCMKTS:LONCF) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 25,500 shares, a decrease of 32.7% from the January 15th total of 37,900 shares. Based on an average daily trading volume, of 121,000 shares, the days-to-cover ratio is currently 0.2 days.

Loncor Gold Trading Down 4.8 %

Loncor Gold stock traded down $0.02 during midday trading on Friday, hitting $0.38. The stock had a trading volume of 6,400 shares, compared to its average volume of 38,427. Loncor Gold has a 52-week low of $0.22 and a 52-week high of $0.45. The company has a market capitalization of $58.46 million, a PE ratio of -2.70 and a beta of 0.91. The firm’s fifty day moving average is $0.39 and its two-hundred day moving average is $0.33.

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.