Landore Resources (LON:LND) Trading 3.9% Higher – Here’s What Happened

Shares of Landore Resources Limited (LON:LND) traded up 3.9% during mid-day trading on Thursday . The stock traded as high as GBX 4.29 ($0.05) and last traded at GBX 4 ($0.05). 1,601,385 shares changed hands during mid-day trading, an increase of 151% from the average session volume of 637,390 shares. The stock had previously closed at GBX 3.85 ($0.05).

Landore Resources Stock Performance

The stock has a market cap of £12.62 million, a price-to-earnings ratio of -403.50 and a beta of -0.15. The company has a 50 day moving average of GBX 3.93 and a 200-day moving average of GBX 3.78.

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.