Short Interest in Loncor Gold Inc. (OTCMKTS:LONCF) Decreases By 77.8%

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 9,800 shares, a decline of 77.8% from the March 15th total of 44,100 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 195,900 shares, the days-to-cover ratio is currently 0.1 days.

Loncor Gold Trading Down 13.6 %

LONCF traded down $0.07 during mid-day trading on Friday, hitting $0.44. 335,620 shares of the stock were exchanged, compared to its average volume of 74,919. The firm's fifty day moving average is $0.41 and its two-hundred day moving average is $0.38. Loncor Gold has a 1-year low of $0.24 and a 1-year high of $0.52. The company has a market cap of $67.74 million, a PE ratio of -3.13 and a beta of 0.82.

Loncor Gold (OTCMKTS:LONCF - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported ($0.01) earnings per share (EPS) for the quarter.

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.