Loncor Gold (TSE:LN) Stock Price Down 1.1% – What’s Next?

Loncor Gold Inc. (TSE:LN) shares fell 1.1% on Friday . The company traded as low as C$0.47 and last traded at C$0.47. 14,900 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 36,238 shares. The stock had previously closed at C$0.48.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.80 price objective on shares of Loncor Gold and gave the stock a “buy” rating in a research report on Tuesday, September 17th.

Loncor Gold Trading Down 1.1 %

The company has a debt-to-equity ratio of 1.30, a current ratio of 2.24 and a quick ratio of 0.77. The business’s 50-day moving average is C$0.43 and its two-hundred day moving average is C$0.40. The firm has a market cap of C$72.67 million, a P/E ratio of -2.47 and a beta of 1.16.

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.