Landore Resources (LON:LND) Sets New 12-Month Low – What’s Next?

Landore Resources Limited (LON:LND)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 1.70 and last traded at GBX 1.85, with a volume of 4033771 shares changing hands. The stock had previously closed at GBX 1.85.

Landore Resources Stock Performance

The company has a 50-day simple moving average of GBX 1.92 and a 200 day simple moving average of GBX 2.01. The company has a market capitalization of £6.89 million, a P/E ratio of -185.00 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.