Landore Resources (LON:LND) Reaches New 1-Year Low – Should You Sell?

Landore Resources Limited (LON:LND – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 1.40 and last traded at GBX 1.40, with a volume of 33,570 shares changing hands. The stock had previously closed at GBX 1.55.

Landore Resources Trading Down 9.7%

The stock has a market capitalization of £5.21 million, a P/E ratio of 4.83 and a beta of -0.15. The company has a 50-day moving average price of GBX 1.86 and a 200 day moving average price of GBX 1.92.

Landore Resources Company Profile

(Get Free Report)

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.

Further Reading

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