Landore Resources (LON:LND) Shares Pass Below 200 Day Moving Average – Should You Sell?

Landore Resources Limited (LON:LNDGet Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2.65 and traded as low as GBX 1.79. Landore Resources shares last traded at GBX 1.79, with a volume of 279,998 shares.

Landore Resources Price Performance

The stock has a market cap of £6.63 million, a price-to-earnings ratio of 9.39 and a beta of -0.15. The company’s fifty day simple moving average is GBX 2.02 and its two-hundred day simple moving average is GBX 2.65.

Landore Resources Company Profile

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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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