Landore Resources (LON:LND) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Landore Resources Limited (LON:LND) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Stock Up 3.5%

The firm has a market capitalization of £8.46 million, a PE ratio of 11.98 and a beta of -0.15. The business has a 50-day moving average price of GBX 2.33 and a 200-day moving average price of GBX 3.36.

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.