Resistance falls as the incident light increases. 8k-24k at 10 lux. 1M dark resistance. 5mm diameter.
An LDR or photoresistor is made from a semiconductor material with a high resistance. It has a high resistance because there are very few electrons that are free and able to move - the vast majority of the electrons are locked into the crystal lattice and unable to move. Therefore in this state there is a high LDR resistance.
As light falls on the semiconductor, the light photons are absorbed by the semiconductor lattice and some of their energy is transferred to the electrons. This gives some of them sufficient energy to break free from the crystal lattice so that they can then conduct electricity. This results in a lowering of the resistance of the semiconductor and hence the overall LDR resistance.