Loncor Gold Inc. (OTCMKTS:LONCF) Short Interest Down 25.5% in March

Loncor Gold Inc. (OTCMKTS:LONCF) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 44,100 shares, a decrease of 25.5% from the February 28th total of 59,200 shares. Based on an average trading volume of 148,300 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Loncor Gold Stock Up 4.0 %

OTCMKTS:LONCF traded up $0.02 on Monday, hitting $0.44. The stock had a trading volume of 274,036 shares, compared to its average volume of 60,486. The business’s 50-day simple moving average is $0.40 and its two-hundred day simple moving average is $0.36. The stock has a market cap of $68.18 million, a price-to-earnings ratio of -3.15 and a beta of 0.92. Loncor Gold has a 52-week low of $0.24 and a 52-week high of $0.46.

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.