Shares of Landore Resources Limited (LON:LND – Get Free Report) rose 15% on Wednesday . The company traded as high as GBX 3.50 ($0.05) and last traded at GBX 3.48 ($0.05). Approximately 2,155,441 shares changed hands during trading, an increase of 75% from the average daily volume of 1,233,873 shares. The stock had previously closed at GBX 3.03 ($0.04).
Landore Resources Stock Performance
The company has a market cap of £12.04 million, a P/E ratio of -324.00 and a beta of -0.15. The stock has a 50-day moving average of GBX 3.70 and a two-hundred day moving average of GBX 3.16.
Insiders Place Their Bets
In other Landore Resources news, insider Glenn Featherby bought 2,500,000 shares of Landore Resources stock in a transaction on Monday, July 8th. The stock was acquired at an average price of GBX 2 ($0.03) per share, with a total value of £50,000 ($66,952.33). Corporate insiders own 39.62% of the company’s stock.
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.
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