Mila Resources (LON:MILA) Trading 12.9% Higher – Time to Buy?

Shares of Mila Resources Plc (LON:MILAGet Free Report) rose 12.9% on Tuesday . The stock traded as high as GBX 0.48 ($0.01) and last traded at GBX 0.48 ($0.01). Approximately 1,535,000 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 2,180,591 shares. The stock had previously closed at GBX 0.43 ($0.01).

Mila Resources Stock Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.20 and a current ratio of 7.85. The firm has a market capitalization of £2.60 million, a price-to-earnings ratio of 100.00 and a beta of 0.26. The stock’s fifty day moving average is GBX 0.54 and its two-hundred day moving average is GBX 0.55.

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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