Landore Resources (LON:LND) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Landore Resources Limited (LON:LND) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.17 and traded as low as GBX 2.01. Landore Resources shares last traded at GBX 2.20, with a volume of 1,122,563 shares traded.

Landore Resources Stock Performance

The firm has a market capitalization of £7.43 million, a P/E ratio of 10.53 and a beta of -0.15. The stock’s 50 day simple moving average is GBX 2.23 and its 200 day simple moving average is GBX 3.17.

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.