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

Shares of Landore Resources Limited (LON:LND) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2.94 and traded as low as GBX 1.80. Landore Resources shares last traded at GBX 1.81, with a volume of 1,377,780 shares.

Landore Resources Price Performance

The company has a market cap of £7.32 million, a PE ratio of 10.37 and a beta of -0.15. The business has a 50-day moving average of GBX 2.11 and a 200 day moving average of GBX 2.93.

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.