Mila Resources (LON:MILA) Trading Down 7.4% – Time to Sell?

Mila Resources Plc (LON:MILA)’s share price traded down 7.4% on Tuesday . The company traded as low as GBX 1.21 and last traded at GBX 1.25. 7,438,647 shares were traded during mid-day trading, a decline of 36% from the average session volume of 11,535,917 shares. The stock had previously closed at GBX 1.35.

Mila Resources Stock Performance

The firm’s 50-day moving average is GBX 1.71 and its two-hundred day moving average is GBX 1.50. The stock has a market cap of £8.47 million, a P/E ratio of -8.33 and a beta of 0.26.

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.