Loncor Gold (TSE:LN) Stock Price Up 0.8% – Here’s What Happened

Shares of Loncor Gold Inc. (TSE:LN) traded up 0.8% during mid-day trading on Friday . The company traded as high as C$1.34 and last traded at C$1.34. 1,360,692 shares traded hands during trading, an increase of 358% from the average session volume of 296,879 shares. The stock had previously closed at C$1.33.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.70 price objective on shares of Loncor Gold and gave the company a “buy” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$1.70.

Loncor Gold Price Performance

The company has a fifty day simple moving average of C$1.22 and a 200 day simple moving average of C$0.86. The stock has a market capitalization of C$243.19 million, a price-to-earnings ratio of -44.67 and a beta of 0.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 1.73.

Loncor Gold (TSE:LN) last issued its quarterly earnings data on Thursday, November 13th. The company reported C($0.01) earnings per share (EPS) for the quarter.

About Loncor Gold

Loncor Gold Inc is a gold exploration and project development company with projects in the North East of the DRC. Elements of management have had 25 years of exposure to the DRC. The company is focused on expanding the 3.66M oz Adumbi resource, 220kms from Africa’s largest gold producer, the Kibali Mine.