Mila Resources (LON:MILA) Stock Price Up 3% – Still a Buy?

Shares of Mila Resources Plc (LON:MILAGet Free Report) were up 3% on Friday . The company traded as high as GBX 0.53 ($0.01) and last traded at GBX 0.52 ($0.01). Approximately 6,968,103 shares were traded during trading, an increase of 221% from the average daily volume of 2,170,535 shares. The stock had previously closed at GBX 0.50 ($0.01).

Mila Resources Stock Performance

The business has a 50-day moving average of GBX 0.53 and a two-hundred day moving average of GBX 0.56. The company has a quick ratio of 5.20, a current ratio of 7.85 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of £2.79 million, a price-to-earnings ratio of 100.00 and a beta of 0.26.

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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