Mila Resources (LON:MILA) Shares Up 16.2% – Here’s Why

Mila Resources Plc (LON:MILA) shot up 16.2% during trading on Friday . The company traded as high as GBX 1.25 and last traded at GBX 1.22. 21,234,410 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 11,557,753 shares. The stock had previously closed at GBX 1.05.

Mila Resources Price Performance

The company has a market capitalization of £8.27 million, a price-to-earnings ratio of -8.13 and a beta of 0.26. The business has a 50 day simple moving average of GBX 1.75 and a 200 day simple moving average of GBX 1.47.

About Mila Resources

Mila Resources (LSE: MILA) is an exploration company focused on advancing high-potential gold and copper mining projects across proven mining regions.
The Yarrol Project, the Company’s flagship asset located in Queenslan’s South-east Goldfields, comprises a 20km mineralised corridor with demonstrated potential for both gold and copper, with exploration campaigns currently underway to expand and define this high-priority target with mineralisation present along its strike.
Mila’s other prominent project, the Kathleen Valley Gold Project, is situated on the world-renowned Norseman-Wiluna Orogenic Belt, and is a multi-mineral endowed project providing Mila with exposure to both gold, copper, and additional lithium -bearing systems identified in the surround region.