Mila Resources (LON:MILA) Stock Price Down 14.8% – Here’s Why

Mila Resources Plc (LON:MILA)’s share price was down 14.8% during mid-day trading on Thursday . The company traded as low as GBX 1.23 and last traded at GBX 1.24. Approximately 5,421,549 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 14,716,598 shares. The stock had previously closed at GBX 1.45.

Mila Resources Trading Down 7.3%

The company has a market cap of £9.11 million, a PE ratio of -8.96 and a beta of 0.26. The firm’s fifty day moving average is GBX 1.98 and its 200 day moving average is GBX 1.19.

Mila Resources (LON:MILA) last posted its quarterly earnings data on Thursday, October 23rd. The company reported GBX (0.15) earnings per share (EPS) for the quarter.

Mila Resources Company Profile

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.