Landore Resources (LON:LND) Trading Down 9%

Shares in Landore Resources Limited ( LON:LND – Get a free report ) fell 9% on Tuesday. The company traded as high as GBX 3 ($0.04) and last traded at GBX 3.05 ($0.04). About 1,322,569 shares were traded during trading, up 7% from its average daily volume of 1,238,300 shares. The stock had previously closed at GBX 3.35 ($0.04).

Landore Resources stock performance

The stock has a market cap of £9.93 million, a PE ratio of -305.00 and a beta of -0.15. The stock has a 50-day moving average price of GBX 3.78 and a 200-day moving average price of GBX 3.14.

Indoor activity

In other Landore Resources news, insider Glenn Featherby purchased 2,500,000 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were bought at an average price of GBX 2 ($0.03) per share, with a total value of GBX 50,000 ($66,050.20). Insiders own 39.62% of the company’s shares.

About Landore Resources

(Get a free report)

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc, acquires, explores and develops precious and base metal projects in eastern Canada. It explores deposits of nickel, copper, iron, cobalt, platinum, palladium, gold and lithium. The Company owns a 100% interest in the Junior Lake property, which includes 6 leases and 1,318 staked mining claims covering an area of ​​approximately 33,029 hectares located in the Province of Ontario, Canada; and the Miminiska Lake property comprises 28 patented claims and 23 claims in the South Block and 570 claims in the North Block covering an area of ​​approximately 5,494 hectares located in Northern Ontario, Canada.

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