Landore Resources (LON:LND) Stock Passes Below 200-Day Moving Average – Here’s What Happened
by Tristan Rich · The Markets DailyLandore Resources Limited (LON:LND – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3.36 and traded as low as GBX 2.13. Landore Resources shares last traded at GBX 2.28, with a volume of 136,087 shares.
Landore Resources Trading Up 4.5%
The company has a market capitalization of £8.54 million, a price-to-earnings ratio of 12.11 and a beta of -0.15. The firm’s 50 day simple moving average is GBX 2.31 and its 200-day simple moving average is GBX 3.35.
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.