Landore Resources (LON:LND) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Landore Resources Limited (LON:LND)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2.74 and traded as low as GBX 1.91. Landore Resources shares last traded at GBX 1.93, with a volume of 368,960 shares.

Landore Resources Price Performance

The company has a market cap of £7.15 million, a P/E ratio of 10.13 and a beta of -0.15. The business’s 50 day moving average is GBX 2.04 and its 200 day moving average is GBX 2.74.

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.