Landore Resources (LON:LND) Reaches New 12-Month Low – Here’s What Happened

Landore Resources Limited (LON:LND) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 1.50 and last traded at GBX 1.57, with a volume of 732428 shares trading hands. The stock had previously closed at GBX 1.60.

Landore Resources Price Performance

The business has a 50 day simple moving average of GBX 1.91 and a 200 day simple moving average of GBX 1.97. The stock has a market cap of £5.86 million, a PE ratio of -157.50 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.