Shares of Landore Resources Limited (LON:LND – Get Free Report) fell 5.6% during trading on Friday. The company traded as low as GBX 1.50 and last traded at GBX 1.51. Approximately 575,000 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 1,278,271 shares. The stock had previously closed at GBX 1.60.
Landore Resources Stock Down 5.6%
The company’s 50 day moving average price is GBX 1.67 and its two-hundred day moving average price is GBX 1.98. The stock has a market cap of £5.62 million, a P/E ratio of 5.21 and a beta of -0.15.
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.
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