Landore Resources (LON:LND) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Landore Resources Limited (LON:LND)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3.46 ($0.04) and traded as low as GBX 3.31 ($0.04). Landore Resources shares last traded at GBX 3.45 ($0.04), with a volume of 2,668,415 shares changing hands.

Landore Resources Price Performance

The firm has a market cap of £10.79 million, a PE ratio of -345.00 and a beta of -0.15. The business has a 50-day moving average price of GBX 3.60 and a two-hundred day moving average price of GBX 3.46.

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.