Mila Resources (LON:MILA) Stock Price Down 11.7% – Should You Sell?

Mila Resources Plc (LON:MILA)’s stock price dropped 11.7% during mid-day trading on Monday . The company traded as low as GBX 1.74 and last traded at GBX 1.77. Approximately 10,966,631 shares traded hands during trading, a decline of 26% from the average daily volume of 14,737,633 shares. The stock had previously closed at GBX 2.

Mila Resources Trading Down 2.8%

The firm’s fifty day moving average is GBX 1.43 and its 200-day moving average is GBX 0.89. The stock has a market capitalization of £11.74 million, a PE ratio of -11.99 and a beta of 0.26.

Mila Resources (LON:MILA) last announced its earnings results 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.