The stock of Landore Resources Ltd. (LON:LND) hit a new 52-week high and has GBX 6.63 target or 70.00% above today’s GBX 3.90 share price. The 9 months bullish chart indicates low risk for the GBX 27.32M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 6.63 price target is reached, the company will be worth GBX 19.12 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 14.71% or GBX 0.5 on September 13, hitting GBX 3.9. About 4.65 million shares traded hands or 307.89% up from the average. Landore Resources Ltd. (LON:LND) has risen 552.17% since February 11, 2016 and is uptrending. It has outperformed by 535.69% the S&P500.
Landore Resources Limited is engaged in mineral exploration, including the identification, acquisition and development of mineral projects either alone or with joint venture partners. The company has a market cap of 27.32 million GBP. The Company, through its subsidiary, Landore Resources Canada Inc. , is engaged in mineral exploration in Eastern Canada. It currently has negative earnings. Landore owns or has the mineral rights to over six properties in Eastern Canada, of which Mount Fronsac and Root Lake are optioned to third parties.
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