Loncor Gold (TSE:LN) Trading Down 2% – Time to Sell?

Shares of Loncor Gold Inc. (TSE:LN) were down 2% during trading on Thursday . The company traded as low as C$0.47 and last traded at C$0.48. Approximately 39,700 shares were traded during trading, an increase of 20% from the average daily volume of 33,177 shares. The stock had previously closed at C$0.49.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.80 price objective on Loncor Gold and gave the company a “buy” rating in a research note on Tuesday, September 17th.

Loncor Gold Trading Up 1.0 %

The stock has a market cap of C$74.99 million, a P/E ratio of -2.55 and a beta of 1.16. The firm’s fifty day moving average price is C$0.40 and its two-hundred day moving average price is C$0.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.24 and a quick ratio of 0.77.

Loncor Gold (TSE:LN) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.01) earnings per share for the quarter.

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.