Landore Resources (LON:LND) Stock Passes Below 200-Day Moving Average – Time to Sell?

Landore Resources Limited (LON:LND)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.67 and traded as low as GBX 2.14. Landore Resources shares last traded at GBX 2.35, with a volume of 1,578,465 shares trading hands.

Landore Resources Trading Up 4.4%

The firm’s 50 day simple moving average is GBX 2.79 and its 200-day simple moving average is GBX 3.67. The stock has a market capitalization of £8.73 million, a price-to-earnings ratio of 12.37 and a beta of -0.15.

Landore Resources Company Profile

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.