Landore Resources (LON:LND) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Landore Resources Limited (LON:LNDGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2.85 and traded as low as GBX 1.80. Landore Resources shares last traded at GBX 1.80, with a volume of 43,313 shares.

Landore Resources Trading Down 5.3%

The firm’s fifty day moving average price is GBX 2.07 and its 200 day moving average price is GBX 2.85. The stock has a market capitalization of £6.69 million, a price-to-earnings ratio of 9.47 and a beta of -0.15.

Landore Resources Company Profile

(Get Free Report)

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.

Further Reading

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