Chesterfield Resources (LON:CHF) Trading Down 14.3% – Here’s Why

Chesterfield Resources plc (LON:CHF) shares fell 14.3% on Friday . The company traded as low as GBX 1.20 and last traded at GBX 1.20. 402,719 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,405,731 shares. The stock had previously closed at GBX 1.40.

Chesterfield Resources Stock Down 14.3%

The company’s fifty day moving average price is GBX 1.13 and its two-hundred day moving average price is GBX 0.86. The company has a market cap of £2.25 million, a price-to-earnings ratio of -2.15 and a beta of 1.16.

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

Insider Activity

In other news, insider Paul Ensor bought 1,143,673 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The shares were acquired at an average price of GBX 1 per share, with a total value of £11,436.73. Insiders bought 1,929,089 shares of company stock worth $1,929,089 in the last ninety days. 35.40% of the stock is currently owned by company insiders.

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.