Landore Resources (LON:LND) Sets New 1-Year Low – Here’s What Happened

by · The Cerbat Gem

Landore Resources Limited (LON:LND – Get Free Report)’s share 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 2228049 shares traded. The stock had previously closed at GBX 1.45.

Landore Resources Trading Down 3.4%

The stock has a market capitalization of £5.21 million, a P/E ratio of -140.00 and a beta of -0.15. The firm’s fifty day moving average is GBX 1.89 and its 200-day moving average is GBX 1.95.

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.

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