Landore Resources (LON:LND) Shares Up 11% – Time to Buy?

Landore Resources Limited (LON:LND) traded up 11% during mid-day trading on Friday . The stock traded as high as GBX 2.78 and last traded at GBX 2.78. 834,562 shares were traded during trading, a decline of 93% from the average session volume of 12,224,179 shares. The stock had previously closed at GBX 2.50.

Landore Resources Trading Up 11.0%

The company has a market cap of £10.31 million, a price-to-earnings ratio of 14.61 and a beta of -0.15. The firm has a 50-day moving average price of GBX 3.62 and a 200 day moving average price of GBX 3.72.

Landore Resources Company Profile

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM Gold Project, Northwestern Ontario, Canada, which has a resource estimate of 1.5M oz Au.

Landore Resource’s strategic objective is to crystallise value from BAM’s last estimated NPV of US$333.6m @ US$1,800/oz spot (from May 2022 PEA), as well as generating additional value from its non-core portfolio of precious and battery metals projects in eastern Canada and the USA.