Mila Resources (LON:MILA) Trading Up 6.2% – Here’s Why

Mila Resources Plc (LON:MILA)’s share price traded up 6.2% on Tuesday . The company traded as high as GBX 1.70 and last traded at GBX 1.70. 4,886,232 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 14,670,124 shares. The stock had previously closed at GBX 1.60.

Mila Resources Stock Performance

The company has a market cap of £11.52 million, a price-to-earnings ratio of -11.33 and a beta of 0.26. The firm’s 50 day simple moving average is GBX 1.99 and its 200-day simple moving average is GBX 1.20.

Mila Resources (LON:MILA) last issued its earnings results on Thursday, October 23rd. The company reported GBX (0.15) 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.