Landore Resources (LON:LND) Stock Crosses Below 200-Day Moving Average of $11.47

Landore Resources Limited (LON:LND)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 11.47 ($0.14) and traded as low as GBX 9 ($0.11). Landore Resources shares last traded at GBX 9.75 ($0.12), with a volume of 1,817,228 shares traded.

Landore Resources Stock Performance

The firm has a fifty day simple moving average of GBX 9.40 and a 200 day simple moving average of GBX 11.46. The company has a market cap of £11.90 million, a PE ratio of -487.50 and a beta of 0.21.

Insider Activity

In related news, insider Glenn Featherby acquired 225,000 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was bought at an average price of GBX 9 ($0.11) per share, with a total value of £20,250 ($25,526.28). Corporate insiders own 22.56% of the company’s stock.

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.