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

Loncor Gold Inc. (OTCMKTS:LONCF) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,800 shares, a decline of 77.8% from the March 15th total of 44,100 shares. Based on an average daily trading volume, of 195,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Loncor Gold Stock Performance

Shares of OTCMKTS LONCF opened at $0.51 on Thursday. The company has a market cap of $78.39 million, a PE ratio of -3.62 and a beta of 0.82. The firm’s 50 day moving average price is $0.41 and its 200-day moving average price is $0.37. Loncor Gold has a 52-week low of $0.24 and a 52-week high of $0.51.

Loncor Gold (OTCMKTS:LONCF) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.01) earnings per share (EPS) for the quarter.

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.