Mila Resources (LON:MILA) Stock Price Down 8.8% – Here’s Why

Mila Resources Plc (LON:MILAGet Free Report) shares fell 8.8% during mid-day trading on Friday . The stock traded as low as GBX 0.34 ($0.00) and last traded at GBX 0.34 ($0.00). 11,002,255 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 59,235,535 shares. The stock had previously closed at GBX 0.38 ($0.00).

Mila Resources Stock Performance

The company has a quick ratio of 5.20, a current ratio of 7.85 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of GBX 0.44 and a 200-day simple moving average of GBX 0.50. The stock has a market capitalization of £1.81 million, a price-to-earnings ratio of 100.00 and a beta of 0.26.

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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