Landore Resources (LON:LND) Reaches New 12-Month Low – Should You Sell?

Landore Resources Limited (LON:LND) shares hit a new 52-week low on Monday . The stock traded as low as GBX 1.70 and last traded at GBX 1.82, with a volume of 252265 shares traded. The stock had previously closed at GBX 1.73.

Landore Resources Trading Up 5.4%

The firm has a market cap of £6.77 million, a price-to-earnings ratio of -181.80 and a beta of -0.15. The company has a fifty day moving average price of GBX 1.85 and a 200-day moving average price of GBX 2.15.

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.