Landore Resources (LON:LND) Trading 19.4% Higher – Still a Buy?

Shares of Landore Resources Limited (LON:LND) were up 19.4% on Thursday . The company traded as high as GBX 4.19 ($0.05) and last traded at GBX 4.18 ($0.05). Approximately 6,075,823 shares traded hands during mid-day trading, an increase of 373% from the average daily volume of 1,285,504 shares. The stock had previously closed at GBX 3.50 ($0.04).

Landore Resources Stock Down 1.2 %

The stock has a market capitalization of £12.83 million, a price-to-earnings ratio of -410.00 and a beta of -0.15. The company has a 50 day simple moving average of GBX 3.61 and a 200-day simple moving average of GBX 3.61.

Landore Resources Company Profile

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc, acquires, explores, 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; and 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 located in Northern Ontario, Canada.