Landore Resources (LON:LND) Stock Price Down 10.5% – What’s Next?

Landore Resources Limited (LON:LND – Get Free Report) shares fell 10.5% during mid-day trading on Friday. The company traded as low as GBX 1.70 and last traded at GBX 1.70. Approximately 1,514,243 shares changed hands during trading, an increase of 7% from the average session volume of 1,411,107 shares. The stock had previously closed at GBX 1.90.

Landore Resources Price Performance

The firm has a market cap of £6.33 million, a price-to-earnings ratio of -170.00 and a beta of -0.15. The business’s 50-day moving average price is GBX 1.92 and its two-hundred day moving average price is GBX 1.98.

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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