Landore Resources (LON:LND) Stock Price Down 3.7% – Here’s Why

Landore Resources Limited (LON:LND)’s stock price fell 3.7% during trading on Tuesday . The stock traded as low as GBX 2.45 and last traded at GBX 2.60. 12,484,726 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 26,640,533 shares. The stock had previously closed at GBX 2.70.

Landore Resources Stock Performance

The firm has a market capitalization of £9.20 million, a P/E ratio of 13.04 and a beta of -0.15. The business has a fifty day moving average of GBX 3.70 and a 200-day moving average of GBX 3.73.

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.