Landore Resources (LON:LND) Stock Price Up 15.9% – Here’s Why

Landore Resources Limited (LON:LND) traded up 15.9% during trading on Friday . The stock traded as high as GBX 2.88 and last traded at GBX 2.84. 8,408,290 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 16,850,703 shares. The stock had previously closed at GBX 2.45.

Landore Resources Price Performance

The company has a market capitalization of £10.70 million, a price-to-earnings ratio of 15.16 and a beta of -0.15. The business has a fifty day moving average price of GBX 3.77 and a 200 day moving average price of 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.