Mila Resources (LON:MILA) Stock Price Down 11.2% – Here’s Why

Mila Resources Plc (LON:MILA)’s stock price was down 11.2% on Tuesday . The company traded as low as GBX 1.44 and last traded at GBX 1.50. Approximately 8,203,933 shares changed hands during trading, an increase of 28% from the average daily volume of 6,422,248 shares. The stock had previously closed at GBX 1.69.

Mila Resources Stock Performance

The company has a market capitalization of £7.03 million, a P/E ratio of -6.91 and a beta of 0.26. The business’s fifty day simple moving average is GBX 1.91 and its 200-day simple moving average is GBX 1.46.

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.