Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Down 32.7% in January

Loncor Gold Inc. (OTCMKTS:LONCF) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 25,500 shares, a decline of 32.7% from the January 15th total of 37,900 shares. Based on an average daily volume of 121,000 shares, the short-interest ratio is currently 0.2 days.

Loncor Gold Price Performance

Loncor Gold stock traded down $0.02 during mid-day trading on Friday, reaching $0.38. 6,400 shares of the stock traded hands, compared to its average volume of 38,427. Loncor Gold has a 12-month low of $0.22 and a 12-month high of $0.45. The business’s 50-day moving average is $0.39 and its 200-day moving average is $0.33. The stock has a market capitalization of $58.46 million, a PE ratio of -2.70 and a beta of 0.91.

Loncor Gold Company Profile

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.