Landore Resources (LON:LND) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Landore Resources Limited (LON:LND)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3.77 ($0.05) and traded as low as GBX 3.50 ($0.04). Landore Resources shares last traded at GBX 3.50 ($0.04), with a volume of 535,054 shares trading hands.

Landore Resources Stock Performance

The company has a market capitalization of £11.15 million, a PE ratio of -3.02 and a beta of -0.15. The stock’s fifty day simple moving average is GBX 4 and its 200-day simple moving average is GBX 3.77.

About Landore Resources

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.