Landore Resources (LON:LND) Stock Price Up 15.9% – Here’s Why

Landore Resources Limited (LON:LND)’s stock price traded up 15.9% during mid-day trading on Friday . The company traded as high as GBX 2.88 and last traded at GBX 2.84. 8,408,290 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 16,850,703 shares. The stock had previously closed at GBX 2.45.

Landore Resources Stock Performance

The stock has a market cap of £10.70 million, a price-to-earnings ratio of 15.16 and a beta of -0.15. The stock’s 50-day simple moving average is GBX 3.77 and its two-hundred day simple moving average is GBX 3.72.

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.