Landore Resources (LON:LND) Trading 12% Higher – Here’s What Happened

Landore Resources Limited (LON:LND) shares traded up 12% during trading on Wednesday . The company traded as high as GBX 4.87 ($0.06) and last traded at GBX 4.65 ($0.06). 3,696,701 shares traded hands during trading, an increase of 182% from the average session volume of 1,309,544 shares. The stock had previously closed at GBX 4.15 ($0.05).

Landore Resources Price Performance

The company has a market capitalization of £14.55 million, a price-to-earnings ratio of -465.00 and a beta of -0.15. The business has a fifty day moving average price of GBX 3.63 and a 200 day moving average price of GBX 3.64.

Landore Resources Company Profile

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc, acquires, explores, and develops precious and base metal projects in Eastern Canada. It explores for nickel, copper, iron, cobalt, platinum, palladium, gold, and lithium deposits. The company holds 100% interest in Junior Lake property, which include 6 leases and 1,318 staked mining claims that cover an area of approximately 33,029 hectares located in the province of Ontario, Canada; and Miminiska Lake property comprises 28 patented and 23 staked claims in southern block, and 570 staked claims in the northern block covering an area of approximately 5,494 hectares located in Northern Ontario, Canada.