Mila Resources (LON:MILA) Trading Down 16.7% – Here’s Why

Mila Resources Plc (LON:MILAGet Free Report)’s stock price fell 16.7% during mid-day trading on Thursday . The company traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.50 ($0.01). 14,045,554 shares changed hands during mid-day trading, an increase of 582% from the average session volume of 2,060,000 shares. The stock had previously closed at GBX 0.60 ($0.01).

Mila Resources Price Performance

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 £2.57 million, a P/E ratio of 100.00 and a beta of 0.26. The business has a 50 day simple moving average of GBX 0.52 and a 200-day simple moving average of GBX 0.57.

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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