Landore Resources (LON:LND) Shares Down 6.3%

Landore Resources Limited (LON:LND)’s stock price traded down 6.3% on Thursday . The stock traded as low as GBX 3.56 ($0.05) and last traded at GBX 3.70 ($0.05). 7,168,115 shares were traded during mid-day trading, an increase of 455% from the average session volume of 1,291,248 shares. The stock had previously closed at GBX 3.95 ($0.05).

Landore Resources Stock Down 1.6 %

The company’s fifty day moving average is GBX 3.61 and its two-hundred day moving average is GBX 3.23. The stock has a market cap of £11.39 million, a price-to-earnings ratio of -370.00 and a beta of -0.15.

Insider Activity at Landore Resources

In other news, insider Glenn Featherby bought 2,500,000 shares of Landore Resources stock in a transaction that occurred on Monday, July 8th. The shares were purchased at an average price of GBX 2 ($0.03) per share, with a total value of £50,000 ($66,880.68). 39.62% of the stock is owned by corporate insiders.

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.