Landore Resources (LON:LND) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Landore Resources Limited (LON:LND)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.69 ($0.05) and traded as high as GBX 4.30 ($0.05). Landore Resources shares last traded at GBX 4.20 ($0.05), with a volume of 370,000 shares.

Landore Resources Stock Performance

The business has a 50 day simple moving average of GBX 3.69 and a two-hundred day simple moving average of GBX 3.69. The firm has a market capitalization of £13.14 million, a P/E ratio of -420.00 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.