Fundamental Research Reaffirms “Buy” Rating for Loncor Gold (TSE:LN)

Loncor Gold (TSE:LNGet Rating)‘s stock had its “buy” rating reissued by Fundamental Research in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

Separately, BMO Capital Markets lifted their price objective on Loncor Gold from C$20.00 to C$22.00 in a report on Thursday, August 11th.

Loncor Gold Stock Performance

Shares of LN traded up C$0.01 during mid-day trading on Wednesday, hitting C$0.34. 500 shares of the company’s stock were exchanged, compared to its average volume of 40,494. The business’s 50 day moving average is C$0.34 and its two-hundred day moving average is C$0.46. Loncor Gold has a fifty-two week low of C$0.30 and a fifty-two week high of C$0.86. The firm has a market capitalization of C$49.44 million and a P/E ratio of -8.78. The company has a current ratio of 2.35, a quick ratio of 2.03 and a debt-to-equity ratio of 0.18.

About Loncor Gold

(Get Rating)

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.

Further Reading

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