Landore Resources (LON:LND) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Landore Resources Limited (LON:LND) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.49 ($0.05) and traded as low as GBX 3.32 ($0.04). Landore Resources shares last traded at GBX 3.40 ($0.04), with a volume of 311,986 shares changing hands.

Landore Resources Trading Up 1.5 %

The firm has a market cap of £10.64 million, a price-to-earnings ratio of -340.00 and a beta of -0.15. The stock has a fifty day moving average price of GBX 3.58 and a 200 day moving average price of GBX 3.49.

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.