Loncor Gold Inc. (TSE:LN – Get Free Report) traded up 1.4% on Friday . The stock traded as high as C$0.37 and last traded at C$0.37. 15,000 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 21,164 shares. The stock had previously closed at C$0.36.
Loncor Gold Price Performance
The stock has a market capitalization of C$56.14 million, a price-to-earnings ratio of -36.50 and a beta of 1.11. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.77 and a current ratio of 4.30. The company has a fifty day simple moving average of C$0.35 and a two-hundred day simple moving average of C$0.35.
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. 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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