Mila Resources (LON:MILA) Shares Up 14.5% – Here’s Why

Mila Resources Plc (LON:MILA)’s stock price rose 14.5% on Friday . The company traded as high as GBX 2.29 and last traded at GBX 2.29. Approximately 16,821,510 shares changed hands during trading, an increase of 15% from the average daily volume of 14,604,004 shares. The stock had previously closed at GBX 2.

Mila Resources Price Performance

The company’s fifty day simple moving average is GBX 1.77 and its 200-day simple moving average is GBX 1.05. The firm has a market capitalization of £16.84 million, a PE ratio of -17.20 and a beta of 0.26.

Mila Resources (LON:MILA) last announced its quarterly earnings data on Thursday, October 23rd. The company reported GBX (0.15) earnings per share for the quarter.

About Mila Resources

Mila Resources (LSE: MILA) is an exploration company focused on advancing high-potential gold and copper mining projects across proven mining regions.
The Yarrol Project, the Company’s flagship asset located in Queenslan’s South-east Goldfields, comprises a 20km mineralised corridor with demonstrated potential for both gold and copper, with exploration campaigns currently underway to expand and define this high-priority target with mineralisation present along its strike.
Mila’s other prominent project, the Kathleen Valley Gold Project, is situated on the world-renowned Norseman-Wiluna Orogenic Belt, and is a multi-mineral endowed project providing Mila with exposure to both gold, copper, and additional lithium -bearing systems identified in the surround region.