Loncor Gold Inc. (LONCF)
Loncor Gold Inc. operates in the Gold industry of the Basic Materials sector, headquartered in Toronto, ON, CA. The stock last traded at $1.01, up 0.50% on the session, giving a market capitalisation of $184.2M. On trailing twelve-month figures it carries a trailing P/E of -74.63, a net margin of 0.0%. Its beta of 0.66 implies it has historically moved less than the broad market.
Loncor Gold Inc. is a mineral exploration company primarily dedicated to the identification, acquisition, and advancement of gold projects. The firm's main operational focus is the Ngayu greenstone belt, located in the northeastern part of the Democratic Republic of the Congo, though it also undertakes platinum exploration. The company holds a significant 84.68% stake in the Adumbi project, an asset comprised of six mining concessions covering an area of 361 square kilometers. This project is strategically situated within the Archaean Ngayu Greenstone Belt, specifically across the Ituri and Haut Uele provinces in northeastern Congo. Furthermore, Loncor Gold Inc. maintains complete ownership (100%) of the Isiro properties. These consist of eleven exploration permits that span a substantial 1,884 square kilometers in the Haut Uele province, also in northeastern Congo. The company's broader portfolio includes interests in several other ventures, namely North Kivu, Ngayu, Devon, Navarro, Makapela, and Yindi. Formerly known as Loncor Resources Inc., the company officially rebranded as Loncor Gold Inc. in June 2021. Its corporate headquarters are based in Toronto, Canada.
Loncor Gold Inc. is most often compared with the following Basic Materials names: