Landore Resources (LON:LND) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Landore Resources Limited (LON:LND – Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2.09 and traded as low as GBX 1.73. Landore Resources shares last traded at GBX 1.73, with a volume of 100,115 shares traded.

Landore Resources Price Performance

The stock’s 50-day moving average price is GBX 1.82 and its 200-day moving average price is GBX 2.08. The company has a market cap of £6.33 million, a P/E ratio of -170.00 and a beta of -0.15.

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About Landore Resources

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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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