Mila Resources (LON:MILA) Trading Up 10% – Should You Buy?

Mila Resources Plc (LON:MILA) was up 10% during mid-day trading on Monday . The stock traded as high as GBX 1.65 and last traded at GBX 1.65. Approximately 2,929,906 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 9,932,690 shares. The stock had previously closed at GBX 1.50.

Mila Resources Stock Performance

The stock has a market cap of £13.28 million, a P/E ratio of -15.00 and a beta of 1.63. The company’s 50 day moving average price is GBX 1.25 and its 200-day moving average price is GBX 1.58.

Mila Resources (LON:MILA) last posted its earnings results on Wednesday, March 4th. The company reported GBX (0.04) earnings per share (EPS) for the quarter.

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.