Landore Resources (LON:LND) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Landore Resources Limited (LON:LND)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3.72 and traded as low as GBX 2.54. Landore Resources shares last traded at GBX 2.56, with a volume of 1,227,082 shares.

Landore Resources Stock Performance

The business’s 50 day moving average is GBX 3.30 and its 200-day moving average is GBX 3.72. The firm has a market capitalization of £10.03 million, a price-to-earnings ratio of 14.21 and a beta of -0.15.

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.