Mila Resources (LON:MILA) Trading Down 18% – Time to Sell?

Mila Resources Plc (LON:MILAGet Free Report)’s share price was down 18% during mid-day trading on Friday . The stock traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.41 ($0.01). Approximately 1,688,041 shares changed hands during trading, a decline of 22% from the average daily volume of 2,171,616 shares. The stock had previously closed at GBX 0.50 ($0.01).

Mila Resources Stock Performance

The firm has a market capitalization of £2.49 million, a price-to-earnings ratio of 100.00 and a beta of 0.26. The company has a current ratio of 7.85, a quick ratio of 5.20 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average is GBX 0.54 and its 200-day moving average is GBX 0.54.

About Mila Resources

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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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