Landore Resources (LON:LND) Shares Up 11.1% – Still a Buy?

Shares of Landore Resources Limited (LON:LND) rose 11.1% during trading on Tuesday . The company traded as high as GBX 3.90 ($0.05) and last traded at GBX 3.90 ($0.05). Approximately 910,029 shares were traded during trading, a decline of 29% from the average daily volume of 1,276,982 shares. The stock had previously closed at GBX 3.51 ($0.05).

Landore Resources Price Performance

The company has a fifty day moving average price of GBX 3.62 and a two-hundred day moving average price of GBX 3.39. The company has a market capitalization of £12.33 million, a P/E ratio of -384.00 and a beta of -0.15.

About Landore Resources

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.