Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Down 14.8% in January

Loncor Gold Inc. (OTCMKTS:LONCF) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 181,625 shares, a decline of 14.8% from the December 31st total of 213,294 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 143,374 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 143,374 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.1% of the company’s shares are short sold.

Loncor Gold Trading Up 0.9%

OTCMKTS:LONCF opened at $0.97 on Wednesday. The firm has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $0.81. Loncor Gold has a 12 month low of $0.35 and a 12 month high of $0.99. The stock has a market capitalization of $176.59 million, a price-to-earnings ratio of -32.43 and a beta of 0.74. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01.

Loncor Gold (OTCMKTS:LONCF) last issued its earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter.

Loncor Gold Company Profile

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.