Landore Resources (LON:LND) Shares Down 11.9%

Landore Resources Limited (LON:LND) dropped 11.9% during mid-day trading on Wednesday . The stock traded as low as GBX 3.66 ($0.05) and last traded at GBX 3.66 ($0.05). Approximately 400,000 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 1,121,689 shares. The stock had previously closed at GBX 4.15 ($0.05).

Landore Resources Stock Down 3.9 %

The company has a market cap of £5.44 million, a PE ratio of -192.50 and a beta of -0.12. The firm’s fifty day simple moving average is GBX 3.29 and its 200-day simple moving average is GBX 2.67.

Insider Buying and Selling at Landore Resources

In other Landore Resources news, insider Glenn Featherby purchased 2,500,000 shares of Landore Resources stock in a transaction on Monday, July 8th. The shares were bought at an average price of GBX 2 ($0.03) per share, with a total value of £50,000 ($64,045.09). Insiders own 19.21% of the company’s stock.

Landore Resources Company Profile

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc, acquires, explores, and develops precious and base metal projects in Eastern Canada. It explores for nickel, copper, iron, cobalt, platinum, palladium, gold, and lithium deposits. The company holds 100% interest in Junior Lake property, which include 6 leases and 1,318 staked mining claims that cover an area of approximately 33,029 hectares located in the province of Ontario, Canada; and Miminiska Lake property comprises 28 patented and 23 staked claims in southern block, and 570 staked claims in the northern block covering an area of approximately 5,494 hectares located in Northern Ontario, Canada.