Loncor Gold (OTCMKTS:LONCF) Posts Earnings Results

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

Loncor Gold Stock Down 2.7 %

Shares of OTCMKTS:LONCF traded down $0.01 on Wednesday, reaching $0.43. 188,301 shares of the company’s stock were exchanged, compared to its average volume of 62,744. The business’s 50-day moving average is $0.40 and its two-hundred day moving average is $0.36. Loncor Gold has a fifty-two week low of $0.24 and a fifty-two week high of $0.46. The firm has a market capitalization of $66.33 million, a price-to-earnings ratio of -3.06 and a beta of 0.92.

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.