Loncor Gold (OTCMKTS:LONCF) Trading 9.4% Higher – Still a Buy?

Loncor Gold Inc. (OTCMKTS:LONCFGet Free Report)’s stock price traded up 9.4% on Monday . The company traded as high as $0.35 and last traded at $0.35. 233,974 shares changed hands during trading, an increase of 1,266% from the average session volume of 17,125 shares. The stock had previously closed at $0.32.

Loncor Gold Stock Performance

The stock has a 50 day moving average of $0.29 and a two-hundred day moving average of $0.28. The stock has a market cap of $55.55 million, a PE ratio of -2.51 and a beta of 1.01.

Loncor Gold (OTCMKTS:LONCFGet Free Report) last announced its earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter.

Loncor Gold Company Profile

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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.

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