Landore Resources (LON:LND) Hits New 1-Year Low – What’s Next?

Landore Resources Limited (LON:LND – Get Free Report)’s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 1.70 and last traded at GBX 1.73, with a volume of 769998 shares. The stock had previously closed at GBX 1.80.

Landore Resources Price Performance

The firm has a market capitalization of £6.43 million, a price-to-earnings ratio of -172.80 and a beta of -0.15. The business’s 50-day moving average price is GBX 1.92 and its 200 day moving average price is GBX 1.99.

Landore Resources Company Profile

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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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