Landore Resources (LON:LND) Stock Price Up 11% – What’s Next?

Landore Resources Limited (LON:LND)’s share price rose 11% during trading on Friday . The stock traded as high as GBX 2.78 and last traded at GBX 2.78. Approximately 834,562 shares traded hands during trading, a decline of 93% from the average daily volume of 12,224,179 shares. The stock had previously closed at GBX 2.50.

Landore Resources Price Performance

The stock has a market capitalization of £10.31 million, a price-to-earnings ratio of 14.61 and a beta of -0.15. The firm’s fifty day moving average is GBX 3.62 and its 200-day moving average is GBX 3.72.

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.