Mila Resources (LON:MILA) Shares Down 11.3% – Here’s Why

Mila Resources Plc (LON:MILAGet Free Report)’s stock price dropped 11.3% during trading on Wednesday . The company traded as low as GBX 0.24 ($0.00) and last traded at GBX 0.24 ($0.00). 812,787 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 24,646,912 shares. The stock had previously closed at GBX 0.27 ($0.00).

Mila Resources Stock Performance

The company has a fifty day moving average of GBX 0.35 and a two-hundred day moving average of GBX 0.47. The stock has a market capitalization of £1.27 million, a P/E ratio of 100.00 and a beta of 0.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.85 and a quick ratio of 5.20.

Mila Resources Company Profile

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Mila Resources Plc engages in exploration and development of mineral resource properties. The holds 30% interest in the Kathleen Valley gold project that consists of 7.25 square kilometers located in Western Australia. Mila Resources Plc was incorporated in 2015 and is based in London, the United Kingdom.

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