Landore Resources (LON:LND) Shares Up 15.9% – Time to Buy?

Landore Resources Limited (LON:LNDGet Free Report) shares rose 15.9% on Friday . The company traded as high as GBX 2.88 and last traded at GBX 2.84. Approximately 8,408,290 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 16,850,703 shares. The stock had previously closed at GBX 2.45.

Landore Resources Stock Performance

The company has a market cap of £10.03 million, a P/E ratio of 14.21 and a beta of -0.15. The company’s fifty day moving average is GBX 3.74 and its 200 day moving average is GBX 3.73.

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

Receive News & Ratings for Landore Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landore Resources and related companies with MarketBeat.com's FREE daily email newsletter.