Loncor Gold (OTCMKTS:LONCF) Issues Earnings Results

Loncor Gold (OTCMKTS:LONCF) announced its earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Loncor Gold Stock Performance

Loncor Gold stock traded down $0.01 during trading hours on Thursday, reaching $0.92. 40,667 shares of the stock were exchanged, compared to its average volume of 253,908. Loncor Gold has a 52-week low of $0.31 and a 52-week high of $0.95. The stock has a market cap of $163.02 million, a P/E ratio of -46.11 and a beta of 0.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.62 and a current ratio of 4.62. The firm’s 50 day moving average is $0.83 and its 200 day moving average is $0.59.

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.