Landore Resources (LON:LND) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Landore Resources Limited (LON:LNDGet Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3.60 and traded as high as GBX 4.27. Landore Resources shares last traded at GBX 4.08, with a volume of 3,548,412 shares.

Landore Resources Trading Down 1.7%

The stock has a market capitalization of £15.15 million, a P/E ratio of 21.46 and a beta of -0.15. The stock’s fifty day moving average price is GBX 4.39 and its two-hundred day moving average price is GBX 3.60.

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

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