Landore Resources (LON:LND) Shares Up 12.8% – Here’s Why

Landore Resources Limited (LON:LND)’s stock price rose 12.8% on Friday . The company traded as high as GBX 2.20 and last traded at GBX 2.20. Approximately 431,363 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 3,189,317 shares. The stock had previously closed at GBX 1.95.

Landore Resources Trading Up 12.8%

The stock has a market capitalization of £8.17 million, a price-to-earnings ratio of 11.58 and a beta of -0.15. The stock has a 50-day simple moving average of GBX 2.72 and a 200 day simple moving average of GBX 3.65.

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.