Landore Resources (LON:LND) Trading 3.9% Higher – What’s Next?

Landore Resources Limited (LON:LNDGet Free Report) shares shot up 3.9% during trading on Thursday . The stock traded as high as GBX 4.29 ($0.05) and last traded at GBX 4 ($0.05). 1,601,385 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 637,390 shares. The stock had previously closed at GBX 3.85 ($0.05).

Landore Resources Stock Performance

The stock has a 50-day moving average of GBX 3.91 and a 200 day moving average of GBX 3.77. The firm has a market capitalization of £12.51 million, a P/E ratio of -400.00 and a beta of -0.15.

Landore Resources Company Profile

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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.

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