Shares of Landore Resources Limited (LON:LND – Get Free Report) traded down 5.6% during mid-day trading on Friday. The stock traded as low as GBX 1.50 and last traded at GBX 1.51. Approximately 575,000 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,278,271 shares. The stock had previously closed at GBX 1.60.
Landore Resources Stock Down 5.6%
The firm has a market capitalization of £5.62 million, a P/E ratio of 5.21 and a beta of -0.15. The firm has a 50 day moving average of GBX 1.67 and a 200-day moving average of GBX 1.98.
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.
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