Landore Resources (LON:LND) Shares Cross Below 200 Day Moving Average – Here’s Why

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 2.94 and traded as low as GBX 1.80. Landore Resources shares last traded at GBX 1.81, with a volume of 1,377,780 shares changing hands.

Landore Resources Stock Performance

The company has a market capitalization of £6.72 million, a PE ratio of 9.53 and a beta of -0.15. The company’s 50-day simple moving average is GBX 2.12 and its 200-day simple moving average is GBX 2.94.

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.