Mila Resources (LON:MILA) Trading Up 15% – Should You Buy?

Mila Resources Plc (LON:MILA)’s stock price was up 15% on Friday . The company traded as high as GBX 1.15 ($0.02) and last traded at GBX 1.15 ($0.02). Approximately 6,790,953 shares changed hands during trading, a decline of 51% from the average daily volume of 13,961,679 shares. The stock had previously closed at GBX 1 ($0.01).

Mila Resources Stock Performance

The stock’s fifty day simple moving average is GBX 0.73 and its two-hundred day simple moving average is GBX 0.56. The company has a market cap of £7.44 million, a price-to-earnings ratio of -876.15 and a beta of 0.26.

Insider Activity

In other Mila Resources news, insider Mark Stephenson bought 2,857,142 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of GBX 1 per share, with a total value of £28,571.42. 3.72% of the stock is owned by insiders.

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.