Landore Resources (LON:LND) Shares Pass Below 200 Day Moving Average of $22.78

Shares of Landore Resources Limited (LON:LNDGet Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 22.78 ($0.28) and traded as low as GBX 18 ($0.22). Landore Resources shares last traded at GBX 18.50 ($0.23), with a volume of 282,448 shares trading hands.

Landore Resources Trading Down 5.4 %

The company has a market cap of £20.19 million and a price-to-earnings ratio of -3.89. The company has a fifty day moving average price of GBX 20.70 and a two-hundred day moving average price of GBX 22.72.

Landore Resources Company Profile

(Get Rating)

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc, acquires, explores for, 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; 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.

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