Landore Resources (LON:LND) Sets New 12-Month Low – Time to Sell?

Landore Resources Limited (LON:LND)’s stock price reached a new 52-week low on Wednesday. The company traded as low as GBX 1.70 and last traded at GBX 1.73, with a volume of 769998 shares trading hands. The stock had previously closed at GBX 1.80.

Landore Resources Price Performance

The firm’s 50 day moving average price is GBX 1.92 and its 200-day moving average price is GBX 1.98. The stock has a market cap of £6.48 million, a P/E ratio of -174.00 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.