Short Interest in Loncor Gold Inc. (OTCMKTS:LONCF) Declines By 55.1%

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 57,100 shares, a decline of 55.1% from the December 15th total of 127,100 shares. Based on an average trading volume of 20,300 shares, the days-to-cover ratio is currently 2.8 days.

Loncor Gold Trading Down 2.2 %

OTCMKTS LONCF traded down $0.01 during trading on Tuesday, reaching $0.40. The company's stock had a trading volume of 4,249 shares, compared to its average volume of 32,519. Loncor Gold has a 12 month low of $0.22 and a 12 month high of $0.44. The firm has a 50 day moving average price of $0.36 and a 200 day moving average price of $0.31. The firm has a market capitalization of $61.85 million, a price-to-earnings ratio of -2.86 and a beta of 0.90.

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.