Loncor Gold (OTCMKTS:LONCF) Stock Price Up 13.6% – Here’s What Happened

Loncor Gold Inc. (OTCMKTS:LONCFGet Free Report)’s stock price was up 13.6% on Friday . The stock traded as high as $0.33 and last traded at $0.33. Approximately 5,000 shares traded hands during trading, a decline of 45% from the average daily volume of 9,019 shares. The stock had previously closed at $0.29.

Loncor Gold Price Performance

The stock’s 50-day simple moving average is $0.27 and its two-hundred day simple moving average is $0.28. The firm has a market cap of $50.07 million, a P/E ratio of -2.32 and a beta of 1.01.

Loncor Gold (OTCMKTS:LONCFGet Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share for the quarter.

Loncor Gold Company Profile

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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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