Landore Resources (LON:LND) Trading Down 8.4% – Here’s What Happened

Landore Resources Limited (LON:LND) was down 8.4% during trading on Wednesday . The company traded as low as GBX 1.83 and last traded at GBX 1.83. 2,063,580 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 1,428,430 shares. The stock had previously closed at GBX 2.

Landore Resources Stock Up 2.8%

The stock has a market capitalization of £6.89 million, a price-to-earnings ratio of -185.00 and a beta of -0.15. The business’s 50 day simple moving average is GBX 1.92 and its 200-day simple moving average is GBX 2.

About Landore Resources

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.