Loncor Gold (OTCMKTS:LONCF) Stock Price Down 5.9% – Time to Sell?

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

Loncor Gold Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.42. The company has a 50 day simple moving average of $0.94 and a 200-day simple moving average of $0.70. The firm has a market cap of $163.73 million, a PE 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.

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.