Mila Resources (LON:MILA) Shares Down 7.1% – Should You Sell?

Shares of Mila Resources Plc (LON:MILA) dropped 7.1% during mid-day trading on Wednesday . The stock traded as low as GBX 2.21 and last traded at GBX 2.23. Approximately 10,059,222 shares changed hands during trading, a decline of 31% from the average daily volume of 14,684,514 shares. The stock had previously closed at GBX 2.40.

Mila Resources Stock Performance

The stock has a market capitalization of £15.11 million, a P/E ratio of -14.87 and a beta of 0.26. The business has a 50-day moving average price of GBX 2.06 and a 200 day moving average price of GBX 1.26.

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

Mila Resources Company Profile

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.