Landore Resources (LON:LND) Sets New 12-Month Low – Time to Sell?

Landore Resources Limited (LON:LNDGet Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as GBX 1.70 and last traded at GBX 1.82, with a volume of 252265 shares trading hands. The stock had previously closed at GBX 1.73.

Landore Resources Stock Performance

The company has a 50-day moving average of GBX 1.85 and a 200-day moving average of GBX 2.12. The stock has a market cap of £6.52 million, a price-to-earnings ratio of -175.00 and a beta of -0.15.

About Landore Resources

(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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