Loncor Gold (OTCMKTS:LONCF) Trading 0.8% Higher – Time to Buy?

Loncor Gold Inc. (OTCMKTS:LONCF)’s stock price traded up 0.8% during trading on Wednesday . The stock traded as high as $0.98 and last traded at $0.9779. 46,193 shares were traded during mid-day trading, a decline of 62% from the average session volume of 121,115 shares. The stock had previously closed at $0.97.

Loncor Gold Stock Up 0.8%

The firm has a market cap of $177.48 million, a price-to-earnings ratio of -32.60 and a beta of 0.76. The business’s 50-day moving average is $0.96 and its 200-day moving average is $0.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.42.

Loncor Gold (OTCMKTS:LONCF) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter.

Loncor Gold Company Profile

Loncor Gold Inc is a Canadian exploration company concentrated on the acquisition, exploration and development of gold properties in the Democratic Republic of Congo. It trades on the OTC Markets under the ticker LONCF and on the Toronto Stock Exchange under the symbol LGC.

The company’s core assets comprise a portfolio of exploration licences covering more than 8,600 square kilometres along the Ngayu greenstone belt in northeastern DRC. This Archean belt has seen limited modern exploration, and Loncor has reported significant discoveries at its Adumbi deposit and other target zones, indicating potential for high-grade gold mineralisation.

Loncor’s operations focus on systematic drilling campaigns, geological mapping and resource delineation to advance projects toward feasibility.