Landore Resources (LON:LND) Reaches New 12-Month Low – Should You Sell?

Landore Resources Limited (LON:LNDGet Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1.70 and last traded at GBX 1.82, with a volume of 252265 shares. The stock had previously closed at GBX 1.73.

Landore Resources Stock Up 5.4%

The company’s 50-day moving average is GBX 1.85 and its 200 day moving average is GBX 2.15. The company has a market cap of £6.77 million, a price-to-earnings ratio of -181.80 and a beta of -0.15.

About Landore Resources

(Get Free Report)

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.

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