Landore Resources (LON:LND) Stock Crosses Below 200 Day Moving Average – What’s Next?

Landore Resources Limited (LON:LND)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2.85 and traded as low as GBX 1.80. Landore Resources shares last traded at GBX 1.80, with a volume of 43,313 shares changing hands.

Landore Resources Trading Down 5.3%

The company has a 50-day simple moving average of GBX 2.07 and a 200 day simple moving average of GBX 2.85. The company has a market cap of £6.69 million, a P/E ratio of 9.47 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.