Loncor Gold (OTCMKTS:LONCF) Announces Earnings Results

Loncor Gold (OTCMKTS:LONCF) posted its quarterly earnings data on Monday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Loncor Gold Trading Down 2.7 %

LONCF stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.43. The company’s stock had a trading volume of 188,301 shares, compared to its average volume of 62,744. Loncor Gold has a 12 month low of $0.24 and a 12 month high of $0.46. The business’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.36. The company has a market cap of $66.33 million, a price-to-earnings ratio of -3.06 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.