Landore Resources Limited (LON:LND – Get Free Report)’s share price was down 5.6% on Friday. The company traded as low as GBX 1.50 and last traded at GBX 1.51. 575,000 shares traded hands during trading, a decline of 55% from the average session volume of 1,278,271 shares. The stock had previously closed at GBX 1.60.
Landore Resources Trading Down 5.6%
The firm has a market cap of £5.62 million, a price-to-earnings ratio of 5.21 and a beta of -0.15. The company’s 50-day moving average is GBX 1.67 and its 200-day moving average is GBX 1.98.
About Landore Resources
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.
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