Mila Resources (LON:MILA) Stock Jumps 14.8% – Still a Buy?
by Danessa Lincoln · The Markets DailyMila Resources Plc (LON:MILA – Get Free Report) was up 14.8% during mid-day trading on Tuesday. The stock traded as high as GBX 1.32 and last traded at GBX 1.32. Approximately 7,989,579 shares were traded during trading, an increase of 12% from the average daily volume of 7,134,465 shares. The stock had previously closed at GBX 1.15.
Mila Resources Stock Performance
The company has a market cap of £9.83 million, a P/E ratio of -11.00 and a beta of 0.30. The business has a 50 day moving average price of GBX 1.24 and a two-hundred day moving average price of GBX 1.24.
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.