Mila Resources (LON:MILA) Shares Up 6.2% – Here’s Why

Mila Resources Plc (LON:MILA)’s stock price rose 6.2% during trading on Tuesday . The company traded as high as GBX 1.70 and last traded at GBX 1.70. Approximately 4,886,232 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 14,670,124 shares. The stock had previously closed at GBX 1.60.

Mila Resources Stock Up 42.3%

The company has a market cap of £13.69 million, a price-to-earnings ratio of -13.47 and a beta of 0.26. The company’s fifty day moving average price is GBX 2 and its two-hundred day moving average price is GBX 1.21.

Mila Resources (LON:MILA) last issued 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.