Landore Resources (LON:LND) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of 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 3.58 and traded as low as GBX 2.10. Landore Resources shares last traded at GBX 2.20, with a volume of 1,420,953 shares changing hands.

Landore Resources Price Performance

The company’s 50-day simple moving average is GBX 2.56 and its two-hundred day simple moving average is GBX 3.58. The firm has a market capitalization of £8.17 million, a P/E ratio of 11.58 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.