Mila Resources (LON:MILA) Stock Price Down 10% – Here’s What Happened

Shares of Mila Resources Plc (LON:MILA) were down 10% on Monday . The company traded as low as GBX 1.80 and last traded at GBX 1.86. Approximately 3,071,785 shares traded hands during trading, a decline of 53% from the average daily volume of 6,511,216 shares. The stock had previously closed at GBX 2.06.

Mila Resources Trading Down 2.2%

The firm’s fifty day moving average price is GBX 2 and its 200-day moving average price is GBX 1.34. The firm has a market cap of £13.26 million, a price-to-earnings ratio of -13.05 and a beta of 0.26.

Mila Resources (LON:MILA) last announced its quarterly earnings results on Thursday, October 23rd. The company reported GBX (0.15) earnings per share 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.