Mila Resources (LON:MILA) Stock Price Up 16% – Here’s What Happened

Mila Resources Plc (LON:MILA) shares rose 16% during trading on Friday . The stock traded as high as GBX 2.77 and last traded at GBX 2.67. Approximately 7,678,141 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 14,570,834 shares. The stock had previously closed at GBX 2.30.

Mila Resources Stock Performance

The company has a market cap of £18.28 million, a P/E ratio of -18.67 and a beta of 0.26. The business has a 50 day moving average price of GBX 1.90 and a two-hundred day moving average price of GBX 1.10.

Mila Resources (LON:MILA) last announced its quarterly earnings results on Thursday, October 23rd. The company reported GBX (0.15) EPS 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.