Mila Resources (LON:MILA) Stock Price Down 4.9% – What’s Next?

Mila Resources Plc (LON:MILAGet Free Report) shares traded down 4.9% on Tuesday . The company traded as low as GBX 1.62 and last traded at GBX 1.76. 4,809,623 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 5,131,842 shares. The stock had previously closed at GBX 1.85.

Mila Resources Stock Performance

The stock has a market cap of £11.72 million, a price-to-earnings ratio of -11.53 and a beta of 0.26. The company’s 50 day simple moving average is GBX 2 and its two-hundred day simple moving average is GBX 1.43.

About Mila Resources

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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.

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