Landore Resources (LON:LND) Stock Passes Below 200 Day Moving Average – What’s Next?

Landore Resources Limited (LON:LND) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.53 ($0.04) and traded as low as GBX 3.50 ($0.04). Landore Resources shares last traded at GBX 3.60 ($0.05), with a volume of 336,430 shares traded.

Landore Resources Stock Performance

The stock’s 50-day simple moving average is GBX 3.56 and its two-hundred day simple moving average is GBX 3.53. The stock has a market cap of £11.26 million, a price-to-earnings ratio of -360.00 and a beta of -0.15.

About Landore Resources

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.