Mila Resources (LON:MILA) Stock Price Down 7.4% – What’s Next?

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

Mila Resources Trading Down 7.4%

The firm’s 50 day moving average price is GBX 1.71 and its 200-day moving average price is GBX 1.50. The company has a market cap of £8.47 million, a P/E ratio of -8.33 and a beta of 0.26.

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.