Landore Resources (LON:LND) Stock Price Crosses Below Two Hundred 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 3.64 and traded as low as GBX 3.51. Landore Resources shares last traded at GBX 3.64, with a volume of 1,464,593 shares trading hands.

Landore Resources Trading Down 1.6%

The firm has a market capitalization of £13.52 million, a P/E ratio of 19.16 and a beta of -0.15. The business’s 50 day simple moving average is GBX 4.30 and its two-hundred day simple moving average is GBX 3.65.

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.