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

Mila Resources Plc (LON:MILAGet Free Report)’s share price dropped 16.7% during mid-day trading on Thursday . The stock traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.50 ($0.01). Approximately 14,045,554 shares were traded during trading, an increase of 582% from the average daily 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 fifty day moving average of GBX 0.52 and a 200-day moving average of GBX 0.57. The firm has a market cap of £2.57 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.

Mila Resources Company Profile

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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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