Shares of Loncor Gold Inc. (TSE:LN - Get Free Report) traded up 3.8% on Friday . The company traded as high as C$0.55 and last traded at C$0.54. 139,500 shares were traded during trading, an increase of 282% from the average session volume of 36,537 shares. The stock had previously closed at C$0.52.
Analyst Ratings Changes
Separately, Fundamental Research set a C$0.80 price objective on shares of Loncor Gold and gave the company a "buy" rating in a research report on Tuesday, September 17th.
Read Our Latest Stock Analysis on Loncor Gold
Loncor Gold Price Performance
The company has a 50 day moving average of C$0.45 and a 200 day moving average of C$0.41. The company has a current ratio of 2.24, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30. The firm has a market cap of C$83.49 million, a price-to-earnings ratio of -2.84 and a beta of 1.16.
Loncor Gold Company Profile
(
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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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