Loncor Gold (TSE:LN) Stock Price Down 4.8% - Should You Sell?

Loncor Gold Inc. (TSE:LN - Get Free Report) traded down 4.8% during trading on Thursday . The stock traded as low as C$0.60 and last traded at C$0.60. 50,030 shares traded hands during trading, a decline of 31% from the average session volume of 72,977 shares. The stock had previously closed at C$0.63.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.57 price target on shares of Loncor Gold and gave the company a "buy" rating in a research note on Thursday, January 30th.

Loncor Gold Stock Up 5.0 %

The business's fifty day moving average is C$0.58 and its two-hundred day moving average is C$0.50. The stock has a market cap of C$68.49 million, a price-to-earnings ratio of -2.11 and a beta of 1.16. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.61.

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.