Loncor Gold Inc. (OTCMKTS:LONCF – Get Rating) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 4,500 shares, a drop of 43.0% from the November 30th total of 7,900 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 7.5 days.
Wall Street Analyst Weigh In
Separately, Fundamental Research lowered their price target on Loncor Gold from $1.18 to $0.85 and set a "buy" rating for the company in a research report on Thursday, September 1st.
Get Loncor Gold alerts:Loncor Gold Trading Up 2.8 %
OTCMKTS LONCF traded up $0.01 on Friday, hitting $0.23. 1,500 shares of the stock traded hands, compared to its average volume of 1,488. The stock has a 50-day moving average of $0.25 and a 200 day moving average of $0.26. Loncor Gold has a twelve month low of $0.21 and a twelve month high of $0.56. The company has a market capitalization of $34.42 million, a P/E ratio of -7.67 and a beta of 1.47.
About Loncor Gold
(Get Rating)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 also explores for platinum deposits. The company holds 84.68% interest in the Adumbi project, which consists of 6 mining leases covering an area of 361 square kilometers located within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in northeastern Congo.
Further Reading
- Get a free copy of the StockNews.com research report on Loncor Gold (LONCF)
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