Chesterfield Resources (LON:CHF) Shares Down 16.1% – Here’s Why

Chesterfield Resources plc (LON:CHF)’s stock price traded down 16.1% during mid-day trading on Friday . The stock traded as low as GBX 1.30 and last traded at GBX 1.30. 469,111 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 1,424,999 shares. The stock had previously closed at GBX 1.55.

Chesterfield Resources Price Performance

The stock has a fifty day moving average of GBX 1.05 and a 200 day moving average of GBX 0.83. The stock has a market cap of £2.81 million, a price-to-earnings ratio of -2.68 and a beta of 1.16.

Chesterfield Resources (LON:CHF) last posted its earnings results on Friday, September 5th. The company reported GBX (0.06) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Chesterfield Resources

In related news, insider Paul Ensor purchased 1,143,673 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £11,436.73. In the last 90 days, insiders purchased 1,929,089 shares of company stock worth $1,929,089. Insiders own 35.40% of the company’s stock.

Chesterfield Resources Company Profile

Chesterfield Resources plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in Cyprus. The company primarily explores for copper and gold. It has a 100% interest in twelve permits covering an area of 50 square kilometers, as well as applications covering an area of 186 square kilometers with total covering area of 235 square kilometers in Cyprus.