Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Update

Loncor Gold Inc. (OTCMKTS:LONCF) has seen a notable decline in its short interest during March. As reported, the short interest as of March 15th stood at 44,100 shares, which is a reduction of 25.5% from the 59,200 shares reported on February 28th. Currently, it is estimated that about 0.0% of the company's stock is sold short. With an average daily trading volume of 148,300 shares, the days-to-cover ratio is approximately 0.3 days.

Recent Stock Performance of Loncor Gold

As of Friday, shares of OTCMKTS:LONCF opened at a price of $0.42. The company has a market capitalization of $65.57 million, along with a price-to-earnings (P/E) ratio of -3.03 and a beta value of 0.92. The stock's price has varied significantly, reaching a 12-month low of $0.24 and a high of $0.46. Additionally, the fifty-day simple moving average is noted at $0.40, while the 200-day moving average is recorded at $0.36.

Overview of Loncor Gold

Loncor Gold Inc. is primarily involved in the acquisition, exploration, and development of precious metal projects. The company operates within the Ngayu greenstone belt located in the northeastern region of the Democratic Republic of the Congo and in Canada. Loncor Gold focuses on exploring gold and platinum deposits, holding an 84.68% interest in the Adumbi project, which comprises two mining licenses covering an area of 361 square kilometers in the Ituri and Haut Uele provinces of northeastern Congo.

Investment Considerations

Before considering investing in Loncor Gold, it is essential to analyze various factors. Current ratings from analysts suggest a Hold position for the stock, while other options might present better investment opportunities. Top analysts have identified alternative stocks they recommend to clients, which could outperform Loncor Gold.

This information serves as a glimpse into the current state of Loncor Gold Inc. for potential investors, emphasizing the importance of thorough research and analysis when making investment decisions.

Loncor, Gold, Stocks