Landore Resources (LON:LND) Trading Up 15.2% Following Insider Buying Activity

Shares of Landore Resources Limited (LON:LNDGet Free Report) were up 15.2% on Tuesday following insider buying activity. The stock traded as high as GBX 3.80 ($0.05) and last traded at GBX 3.80 ($0.05). Approximately 671,884 shares changed hands during trading, a decline of 40% from the average daily volume of 1,116,109 shares. The stock had previously closed at GBX 3.30 ($0.04).

Specifically, insider Glenn Featherby acquired 2,500,000 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £50,000 ($64,045.09). Corporate insiders own 19.21% of the company’s stock.

Landore Resources Stock Performance

The firm has a market capitalization of £5.73 million, a P/E ratio of -195.00 and a beta of -0.12. The company has a 50-day moving average price of GBX 3.26 and a 200-day moving average price of GBX 2.67.

Landore Resources Company Profile

(Get Free Report)

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc, acquires, explores, and develops precious and base metal projects in Eastern Canada. It explores for nickel, copper, iron, cobalt, platinum, palladium, gold, and lithium deposits. The company holds 100% interest in Junior Lake property, which include 6 leases and 1,318 staked mining claims that cover an area of approximately 33,029 hectares located in the province of Ontario, Canada; and Miminiska Lake property comprises 28 patented and 23 staked claims in southern block, and 570 staked claims in the northern block covering an area of approximately 5,494 hectares located in Northern Ontario, Canada.

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