Mila Resources (LON:MILA) Shares Down 6.9% – Here’s Why

Mila Resources Plc (LON:MILAGet Free Report)’s share price dropped 6.9% during trading on Thursday . The company traded as low as GBX 0.30 ($0.00) and last traded at GBX 0.35 ($0.00). Approximately 1,918,584 shares were traded during trading, a decline of 96% from the average daily volume of 44,236,367 shares. The stock had previously closed at GBX 0.38 ($0.00).

Mila Resources Stock Performance

The firm’s 50 day moving average is GBX 0.42 and its two-hundred day moving average is GBX 0.49. The stock has a market capitalization of £1.67 million, a PE ratio of 100.00 and a beta of 0.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.20 and a current ratio of 7.85.

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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