Landore Resources (LON:LND) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Landore Resources Limited (LON:LND)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3.72 and traded as low as GBX 2.54. Landore Resources shares last traded at GBX 2.56, with a volume of 1,227,082 shares changing hands.

Landore Resources Price Performance

The stock has a market cap of £9.50 million, a P/E ratio of 13.46 and a beta of -0.15. The stock’s fifty day simple moving average is GBX 3.32 and its 200-day simple moving average is 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.