Landore Resources (LON:LND) Shares Pass Below 200-Day Moving Average – Should You Sell?

Landore Resources Limited (LON:LND) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.04 and traded as low as GBX 1.87. Landore Resources shares last traded at GBX 1.97, with a volume of 569,311 shares changing hands.

Landore Resources Stock Down 3.9%

The stock has a market cap of £6.78 million, a price-to-earnings ratio of 9.61 and a beta of -0.15. The stock’s fifty day moving average is GBX 2.15 and its 200-day moving average is GBX 3.01.

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.