Loncor Gold (TSE:LN) Shares Down 2% - Here's What Happened

Loncor Gold Inc. (TSE:LN - Get Free Report)'s share price traded down 2% during mid-day trading on Thursday . The stock traded as low as C$0.47 and last traded at C$0.48. 39,700 shares traded hands during mid-day trading, an increase of 20% from the average session volume of 33,177 shares. The stock had previously closed at C$0.49.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.80 price target on shares of Loncor Gold and gave the company a "buy" rating in a research note on Tuesday, September 17th.

Loncor Gold Trading Up 1.0 %

The business's 50-day moving average price is C$0.40 and its 200 day moving average price is C$0.39. The firm has a market capitalization of C$74.99 million, a price-to-earnings ratio of -2.53 and a beta of 1.16. 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 (TSE:LN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.01) EPS for the quarter.

About Loncor Gold

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.