Landore Resources (LON:LND) Stock Price Down 8.4% – Here’s What Happened
by Scott Moore · The Cerbat GemLandore Resources Limited (LON:LND – Get Free Report) traded down 8.4% on Wednesday . The stock traded as low as GBX 1.83 and last traded at GBX 1.83. 2,063,580 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 1,428,430 shares. The stock had previously closed at GBX 2.
Landore Resources Stock Performance
The business has a 50 day moving average of GBX 1.92 and a 200-day moving average of GBX 2.01. The company has a market capitalization of £6.82 million, a P/E ratio of -183.30 and a beta of -0.15.
Landore Resources Company Profile
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.