Landore Resources (LON:LND) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Landore Resources Limited (LON:LND) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.72 ($0.05) and traded as low as GBX 2.95 ($0.04). Landore Resources shares last traded at GBX 3.04 ($0.04), with a volume of 586,010 shares trading hands.

Landore Resources Trading Down 6.5 %

The company has a 50 day moving average price of GBX 3.73 and a 200 day moving average price of GBX 3.72. The company has a market capitalization of £9.68 million, a price-to-earnings ratio of -2.62 and a beta of -0.15.

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.