Short Interest in Loncor Gold Inc. (OTCMKTS:LONCF) Expands By 704.4%

Loncor Gold Inc. (OTCMKTS:LONCF) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 127,100 shares, a growth of 704.4% from the November 30th total of 15,800 shares. Based on an average daily volume of 102,800 shares, the days-to-cover ratio is presently 1.2 days.

Loncor Gold Stock Performance

Shares of OTCMKTS:LONCF traded up $0.00 during mid-day trading on Thursday, hitting $0.37. 2,500 shares of the company traded hands, compared to its average volume of 22,670. The firm has a market cap of $57.47 million, a P/E ratio of -2.65 and a beta of 0.94. Loncor Gold has a 52-week low of $0.22 and a 52-week high of $0.39. The firm’s 50 day simple moving average is $0.34 and its 200 day simple moving average is $0.30.

Loncor Gold Company Profile

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.