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

Mila Resources Plc (LON:MILAGet Free Report) 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 traded hands 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 Price Performance

The stock has a market capitalization of £1.80 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 current ratio of 7.85 and a quick ratio of 5.20. The firm’s 50 day simple moving average is GBX 0.43 and its 200 day simple moving average is GBX 0.49.

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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