Loncor Gold Inc. (TSE:LN – Get Free Report) shares rose 1.3% during trading on Wednesday . The company traded as high as C$0.39 and last traded at C$0.39. Approximately 500 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 27,121 shares. The stock had previously closed at C$0.38.
Loncor Gold Trading Up 1.3 %
The stock has a 50 day moving average of C$0.40 and a 200 day moving average of C$0.37. The firm has a market cap of C$59.32 million, a P/E ratio of -2.03 and a beta of 1.09. The company has a debt-to-equity ratio of 1.56, a current ratio of 4.30 and a quick ratio of 0.77.
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.
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