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

Loncor Gold Inc. (TSE:LN)’s stock price was down 1.1% during mid-day trading on Friday . The stock traded as low as C$0.47 and last traded at C$0.47. Approximately 14,900 shares changed hands during mid-day trading, a decline of 59% from the average daily 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 Loncor Gold and gave the company a “buy” rating in a research report on Tuesday, September 17th.

Loncor Gold Stock Performance

The stock has a market capitalization of C$72.67 million, a P/E ratio of -2.47 and a beta of 1.16. The stock’s 50-day simple moving average is C$0.43 and its 200 day simple moving average is C$0.40. 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 Company Profile

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.