Landore Resources (LON:LND) Stock Price Down 10.8% – Here’s What Happened

Shares of Landore Resources Limited (LON:LND) were down 10.8% during trading on Monday. The company traded as low as GBX 1.40 and last traded at GBX 1.49. Approximately 1,735,811 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 1,402,989 shares. The stock had previously closed at GBX 1.67.

Landore Resources Trading Down 10.8%

The firm’s fifty day moving average is GBX 1.89 and its 200-day moving average is GBX 1.95. The stock has a market capitalization of £5.55 million, a PE ratio of -149.00 and a beta of -0.15.

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.