Landore Resources Limited (LON:LND – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 1.89 and traded as low as GBX 1.50. Landore Resources shares last traded at GBX 1.50, with a volume of 2,179,313 shares trading hands.
Landore Resources Trading Down 5.5%
The business’s 50 day simple moving average is GBX 1.82 and its two-hundred day simple moving average is GBX 1.89. The firm has a market capitalization of £5.98 million, a PE ratio of 5.54 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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