Mila Resources (LON:MILA) Shares Down 16.3% – Here’s What Happened

Mila Resources Plc (LON:MILAGet Free Report)’s stock price traded down 16.3% on Thursday . The company traded as low as GBX 0.29 ($0.00) and last traded at GBX 0.29 ($0.00). 1,222,457 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 2,291,607 shares. The stock had previously closed at GBX 0.35 ($0.00).

Mila Resources Price Performance

The stock has a 50 day moving average of GBX 0.47 and a two-hundred day moving average of GBX 0.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.20 and a current ratio of 7.85. The stock has a market cap of £1.59 million, a PE ratio of 100.00 and a beta of 0.26.

About Mila Resources

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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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