Mila Resources Plc (LON:MILA – Get Free Report)’s share price dropped 6.4% during mid-day trading on Friday . The stock traded as low as GBX 1.10 and last traded at GBX 1.10. 6,266,364 shares were traded during trading, a decline of 13% from the average session volume of 7,219,789 shares. The stock had previously closed at GBX 1.18.
Mila Resources Trading Down 6.4%
The stock’s 50-day moving average price is GBX 1.22 and its 200-day moving average price is GBX 1.24. The stock has a market cap of £8.19 million, a price-to-earnings ratio of -9.17 and a beta of 0.30.
Insider Buying and Selling
In other news, insider Alastair Goodship bought 6,521,739 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £65,217.39. Also, insider Mark Stephenson bought 6,521,739 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average price of GBX 2 per share, for a total transaction of £130,434.78. Insiders bought 32,608,695 shares of company stock valued at $76,086,955 over the last quarter. Insiders own 13.97% of the company’s stock.
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.
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