Mila Resources (LON:MILA) Trading Down 8.8% – Here’s Why

Mila Resources Plc (LON:MILAGet Free Report)’s share price was down 8.8% during mid-day trading on Friday . The company traded as low as GBX 0.34 ($0.00) and last traded at GBX 0.34 ($0.00). Approximately 11,002,255 shares changed hands during trading, a decline of 81% from the average daily volume of 59,235,535 shares. The stock had previously closed at GBX 0.38 ($0.00).

Mila Resources Stock Down 11.5 %

The firm has a market cap of £1.80 million, a P/E ratio of 100.00 and a beta of 0.26. The company’s 50-day simple moving average is GBX 0.44 and its 200 day simple moving average is GBX 0.50. 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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