Loncor Gold Inc. (OTCMKTS:LONCF – Get Rating) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 27,500 shares, a growth of 57.1% from the March 31st total of 17,500 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is presently 6.0 days.
OTCMKTS:LONCF remained flat at $$0.35 on Friday. The business has a fifty day moving average price of $0.45 and a 200-day moving average price of $0.51. Loncor Gold has a 52-week low of $0.35 and a 52-week high of $0.97.
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. It also explores for platinum deposits. The company holds 84.68% interest in the Adumbi project, which consists of 6 mining leases covering an area of 361 square kilometers located within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in northeastern Congo.
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