Fundamental Research set a C$1.57 target price on Loncor Gold (TSE:LN - Free Report) in a report published on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.
Loncor Gold Trading Down 8.3 %
TSE LN traded down C$0.05 during mid-day trading on Thursday, reaching C$0.55. 64,305 shares of the stock were exchanged, compared to its average volume of 66,689. The stock has a 50 day simple moving average of C$0.54 and a 200-day simple moving average of C$0.45. Loncor Gold has a one year low of C$0.30 and a one year high of C$0.64. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.24 and a quick ratio of 0.77. The stock has a market cap of C$85.04 million, a P/E ratio of -2.89 and a beta of 1.16.
About Loncor Gold
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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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