Landore Resources (LON:LND) Shares Down 8.4% – What’s Next?

Landore Resources Limited (LON:LND)’s share price traded down 8.4% during trading on Wednesday . The stock traded as low as GBX 1.83 and last traded at GBX 1.83. 2,063,580 shares traded hands during trading, an increase of 44% from the average session volume of 1,428,430 shares. The stock had previously closed at GBX 2.

Landore Resources Trading Down 8.4%

The firm has a fifty day simple moving average of GBX 1.92 and a two-hundred day simple moving average of GBX 2.01. The stock has a market cap of £6.82 million, a PE ratio of -183.30 and a beta of -0.15.

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.