Head-To-Head Comparison: Loncor Gold (OTCMKTS:LONCF) versus Athena Gold (OTCMKTS:AHNR)

Valuation and Earnings

This table compares Loncor Gold and Athena Gold”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Loncor Gold	N/A	N/A	-$4.16 million	($0.03)	-33.83
Athena Gold	N/A	N/A	-$140,000.00	($0.01)	-4.99

Loncor Gold is trading at a lower price-to-earnings ratio than Athena Gold, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Loncor Gold and Athena Gold’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Loncor Gold	N/A	-20.25%	-18.98%
Athena Gold	N/A	-1.86%	-1.67%

Insider and Institutional Ownership

35.9% of Athena Gold shares are held by institutional investors. 22.1% of Loncor Gold shares are held by insiders. Comparatively, 10.4% of Athena Gold shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Risk and Volatility

Loncor Gold has a beta of 0.74, suggesting that its share price is 26% less volatile than the S&P 500. Comparatively, Athena Gold has a beta of -0.45, suggesting that its share price is 145% less volatile than the S&P 500.

Summary

Athena Gold beats Loncor Gold on 6 of the 8 factors compared between the two stocks.

About Loncor Gold

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. It also holds 100% interest in the Isiro properties that consist of 11 exploration permits covering an area of 1,884 square kilometers situated in the province of Haut Uele, northeastern Congo. In addition, Loncor Gold Inc. owns interest in North Kivu, Ngayu, Devon, Navarro, and Yindi projects. The company was formerly known as Loncor Resources Inc. and changed its name to Loncor Gold Inc. in June 2021. Loncor Gold Inc. was founded in 1993 and is headquartered in Toronto, Canada.

About Athena Gold

Athena Gold Corporation, an exploration stage company, engages in the acquisition and exploration of mineral resources in the United States. It explores for gold, molybdenum, and copper deposits. The company's flagship property is the Excelsior Springs project comprising 191 unpatented claims and 2 patented mining claims located in Walker Lane, Nevada. It also owns 100% interest in the Crow Springs project, which consists of eleven unpatented mining claims located in Esmeralda County, Nevada. Athena Gold Corporation was formerly known as Athena Silver Corporation and changed its name to Athena Gold Corporation in January 2021. The company was incorporated in 2003 and is based in Vacaville, California.