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

Landore Resources Limited (LON:LND – Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 1.70 and last traded at GBX 1.70, with a volume of 10 shares changing hands. The stock had previously closed at GBX 1.80.

Landore Resources Stock Performance

The company has a market capitalization of £6.33 million, a price-to-earnings ratio of -170.00 and a beta of -0.15. The company has a 50 day moving average price of GBX 1.82 and a 200 day moving average price of GBX 2.08.

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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