Loncor Gold Inc. (TSE:LN - Get Free Report) rose 14% during mid-day trading on Wednesday . The company traded as high as C$0.57 and last traded at C$0.57. Approximately 107,921 shares traded hands during trading, an increase of 62% from the average daily volume of 66,553 shares. The stock had previously closed at C$0.50.
Analyst Ratings Changes
Separately, Fundamental Research set a C$1.57 price target on shares of Loncor Gold and gave the company a "buy" rating in a report on Thursday, January 30th.
View Our Latest Stock Report on Loncor Gold
Loncor Gold Stock Performance
The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 1.73. The business's fifty day simple moving average is C$0.55 and its 200-day simple moving average is C$0.46. The firm has a market capitalization of C$58.71 million, a PE ratio of -1.80 and a beta of 1.16.
About Loncor Gold
(
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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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