Loncor Gold (OTCMKTS:LONCF) Stock Price Down 5.9% – Here’s Why

Loncor Gold Inc. (OTCMKTS:LONCF) fell 5.9% on Friday . The company traded as low as $0.9261 and last traded at $0.9261. 543,079 shares traded hands during mid-day trading, an increase of 289% from the average session volume of 139,616 shares. The stock had previously closed at $0.9844.

Loncor Gold Trading Down 5.9%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.42. The firm has a 50-day moving average of $0.94 and a 200-day moving average of $0.70. The firm has a market capitalization of $163.73 million, a P/E ratio of -30.87 and a beta of 0.74.

Loncor Gold (OTCMKTS:LONCF) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter.

About Loncor Gold

Loncor Gold Inc is a Canadian exploration company concentrated on the acquisition, exploration and development of gold properties in the Democratic Republic of Congo. It trades on the OTC Markets under the ticker LONCF and on the Toronto Stock Exchange under the symbol LGC.

The company’s core assets comprise a portfolio of exploration licences covering more than 8,600 square kilometres along the Ngayu greenstone belt in northeastern DRC. This Archean belt has seen limited modern exploration, and Loncor has reported significant discoveries at its Adumbi deposit and other target zones, indicating potential for high-grade gold mineralisation.

Loncor’s operations focus on systematic drilling campaigns, geological mapping and resource delineation to advance projects toward feasibility.