Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Update

Loncor Gold Inc. (OTCMKTS:LONCF) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 59,200 shares, an increase of 111.4% from the February 13th total of 28,000 shares. Based on an average daily trading volume, of 136,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Loncor Gold Stock Performance

Shares of LONCF traded down $0.00 during trading hours on Friday, hitting $0.41. The stock had a trading volume of 81,022 shares, compared to its average volume of 52,332. The company’s fifty day simple moving average is $0.40 and its 200 day simple moving average is $0.35. Loncor Gold has a 12-month low of $0.24 and a 12-month high of $0.46. The firm has a market cap of $62.63 million, a P/E ratio of -2.89 and a beta of 0.92.

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 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.