Mila Resources (LON:MILA) Shares Up 10% – Still a Buy?

Mila Resources Plc (LON:MILA)’s share price was up 10% on Monday . The company traded as high as GBX 1.65 and last traded at GBX 1.65. Approximately 2,929,906 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 9,932,690 shares. The stock had previously closed at GBX 1.50.

Mila Resources Stock Up 10.0%

The stock has a market cap of £12.17 million, a P/E ratio of -13.75 and a beta of 1.63. The business has a 50 day moving average price of GBX 1.23 and a 200 day moving average price of GBX 1.59.

Mila Resources (LON:MILA) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX (0.04) 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.