Loncor Gold (TSE:LN) Stock Price Down 4.8% – What’s Next?

Loncor Gold Inc. (TSE:LN) shares traded down 4.8% on Thursday . The stock traded as low as C$0.60 and last traded at C$0.60. 50,030 shares changed hands during trading, a decline of 31% from the average session volume of 72,977 shares. The stock had previously closed at C$0.63.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.57 price objective on shares of Loncor Gold and gave the company a “buy” rating in a research report on Thursday, January 30th.

Loncor Gold Stock Performance

The stock has a market capitalization of C$65.23 million, a price-to-earnings ratio of -2.01 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 1.73. The stock has a fifty day simple moving average of C$0.58 and a two-hundred day simple moving average of C$0.50.

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.