Loncor Gold (TSE:LN) Trading Down 0.7% – Here’s Why

Loncor Gold Inc. (TSE:LNGet Free Report) was down 0.7% during mid-day trading on Monday . The stock traded as low as C$1.34 and last traded at C$1.35. Approximately 220,216 shares changed hands during trading, a decline of 27% from the average daily volume of 300,138 shares. The stock had previously closed at C$1.36.

Loncor Gold Trading Down 0.7%

The firm has a market capitalization of C$245.01 million, a price-to-earnings ratio of -45.00 and a beta of 0.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 1.73. The business has a fifty day moving average price of C$1.31 and a 200 day moving average price of C$0.92.

Loncor Gold (TSE:LNGet Free Report) last issued its earnings results on Thursday, November 13th. The company reported C($0.01) earnings per share for the quarter.

About Loncor Gold

(Get Free Report)

Loncor Gold Inc is a gold exploration and project development company with projects in the North East of the DRC. Elements of management have had 25 years of exposure to the DRC. The company is focused on expanding the 3.66M oz Adumbi resource, 220kms from Africa’s largest gold producer, the Kibali Mine.

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