Loncor Gold (TSE:LN) Shares Down 0.7% – Time to Sell?

Loncor Gold Inc. (TSE:LN)’s share price dropped 0.7% on Monday . The stock traded as low as C$1.34 and last traded at C$1.35. Approximately 220,216 shares changed hands during trading, a decline of 27% from the average daily volume of 300,138 shares. The stock had previously closed at C$1.36.

Loncor Gold Price Performance

The firm has a market capitalization of C$245.01 million, a price-to-earnings ratio of -45.00 and a beta of 0.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.73 and a quick ratio of 0.77. The business has a fifty day moving average price of C$1.31 and a two-hundred day moving average price of C$0.93.

Loncor Gold (TSE:LN) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.01) EPS for the quarter.

About Loncor Gold

Loncor Gold Inc is a gold exploration and project development company with projects in the North East of the DRC. Elements of management have had 25 years of exposure to the DRC. The company is focused on expanding the 3.66M oz Adumbi resource, 220kms from Africa’s largest gold producer, the Kibali Mine.