Landore Resources (LON:LND) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Landore Resources Limited (LON:LND)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2.05 and traded as low as GBX 1.95. Landore Resources shares last traded at GBX 1.95, with a volume of 242,118 shares traded.

Landore Resources Stock Up 12.0%

The stock’s 50 day moving average price is GBX 1.83 and its 200-day moving average price is GBX 2.04. The stock has a market capitalization of £8.34 million, a PE ratio of -224.00 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.