Mila Resources (LON:MILA) Trading Down 7.1% – Time to Sell?

Mila Resources Plc (LON:MILA)’s share price fell 7.1% on Wednesday . The stock traded as low as GBX 2.21 and last traded at GBX 2.23. 10,059,222 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 14,684,514 shares. The stock had previously closed at GBX 2.40.

Mila Resources Price Performance

The company has a market cap of £15.11 million, a P/E ratio of -14.87 and a beta of 0.26. The company has a 50 day moving average of GBX 2.04 and a 200-day moving average of GBX 1.25.

Mila Resources (LON:MILA) last announced its earnings results on Thursday, October 23rd. The company reported GBX (0.15) earnings per share for the quarter.

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.