Shares of Loncor Gold Inc. (TSE:LN - Get Free Report) were down 1.1% during mid-day trading on Friday . The stock traded as low as C$0.47 and last traded at C$0.47. Approximately 14,900 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 36,238 shares. The stock had previously closed at C$0.48.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a C$0.80 target price on Loncor Gold and gave the stock a "buy" rating in a report on Tuesday, September 17th.
Read Our Latest Stock Analysis on Loncor Gold
Loncor Gold Stock Down 1.1 %
The firm has a market capitalization of C$72.67 million, a P/E ratio of -2.47 and a beta of 1.16. The stock has a fifty day moving average of C$0.43 and a 200 day moving average of C$0.40. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.24 and a quick ratio of 0.77.
Loncor Gold Company Profile
(
Get Free Report)
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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