Landore Resources (LON:LND) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Landore Resources Limited (LON:LND) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.56 and traded as low as GBX 1.72. Landore Resources shares last traded at GBX 1.87, with a volume of 3,004,347 shares.

Landore Resources Price Performance

The stock has a market capitalization of £6.74 million, a P/E ratio of 9.55 and a beta of -0.15. The company has a fifty day moving average of GBX 1.97 and a two-hundred day moving average of GBX 2.54.

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.