Shares of Mila Resources Plc (LON:MILA – Get Free Report) dropped 7.7% on Monday. The company traded as low as GBX 1.12 and last traded at GBX 1.20. Approximately 3,005,414 shares changed hands during trading, a decline of 57% from the average session volume of 6,924,637 shares. The stock had previously closed at GBX 1.30.
Mila Resources Stock Down 7.7%
The company has a 50-day moving average price of GBX 1.26 and a two-hundred day moving average price of GBX 1.25. The stock has a market capitalization of £10.35 million, a P/E ratio of -10.00 and a beta of 0.30.
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.
Further Reading
- Five stocks we like better than Mila Resources
- Salesforce Just Got a Rare Double Upgrade—What Changed?
- OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
- China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit
- 3 REITs That May Win in a Higher Interest Rate Environment
Receive News & Ratings for Mila Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mila Resources and related companies with MarketBeat.com's FREE daily email newsletter.
