Mila Resources (LON:MILA) Trading Down 3.4% – Here’s What Happened

Mila Resources Plc (LON:MILA)’s share price dropped 3.4% during trading on Thursday . The stock traded as low as GBX 0.91 and last traded at GBX 1.04. Approximately 4,577,629 shares changed hands during trading, a decline of 57% from the average daily volume of 10,532,760 shares. The stock had previously closed at GBX 1.08.

Mila Resources Price Performance

The business has a 50 day simple moving average of GBX 1.65 and a 200-day simple moving average of GBX 1.52. The stock has a market capitalization of £6.78 million, a price-to-earnings ratio of -6.67 and a beta of 0.26.

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.