Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Update

Loncor Gold Inc. (OTCMKTS:LONCF - Get Free Report) has seen a notable reduction in its short interest during March. As of March 15th, the total short interest stood at 44,100 shares, reflecting a decline of 25.5% compared to the 59,200 shares reported at the end of February. Currently, only 0.0% of the company’s shares are sold short. With an average daily trading volume of 148,300 shares, the days-to-cover ratio is approximately 0.3 days.

Loncor Gold Stock Performance

As of the latest trading session, shares of Loncor Gold (OTCMKTS:LONCF) opened at $0.42. The company boasts a market capitalization of about $65.57 million. The price-to-earnings ratio is recorded at -3.03 and the stock has a beta value of 0.92, indicating its volatility relative to the market. Over the past year, the stock has experienced a low of $0.24 and a high of $0.46. Its fifty-day simple moving average is $0.40, while the 200-day simple moving average stands at $0.36.

Overview of Loncor Gold

Loncor Gold Inc. is an exploration company focused on gold. It is involved in acquiring, exploring, and developing precious metal projects within the Ngayu greenstone belt located in the northeast region of the Democratic Republic of the Congo and in Canada. The company seeks to uncover gold and platinum deposits, and it holds an 84.68% stake in the Adumbi project which includes two mining licenses across an area of 361 square kilometers in the Ituri and Haut Uele provinces of northeast Congo.

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This article was generated using advanced narrative technology and financial data to offer up-to-date and precise reporting.

Investment Considerations

If you're contemplating an investment in Loncor Gold, it may be beneficial to explore other options. Current ratings suggest that while Loncor Gold is categorized as a Hold, top analysts have identified five other stocks that may present more attractive buying opportunities.

For further insights, feel free to explore more here.

Loncor, Gold, Stocks