Mila Resources (LON:MILA) Shares Down 18% – Here’s Why

Mila Resources Plc (LON:MILAGet Free Report)’s share price traded down 18% during trading on Friday . The stock traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.41 ($0.01). 1,688,041 shares traded hands during trading, a decline of 22% from the average session volume of 2,171,616 shares. The stock had previously closed at GBX 0.50 ($0.01).

Mila Resources Price Performance

The firm has a fifty day moving average of GBX 0.54 and a two-hundred day moving average of GBX 0.54. The stock has a market capitalization of £1.90 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.

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.

Further Reading

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