Chesterfield Resources (LON:CHF) Shares Down 7.1% – Here’s Why

Chesterfield Resources plc (LON:CHF) shares fell 7.1% during trading on Monday . The stock traded as low as GBX 1.10 and last traded at GBX 1.30. 383,773 shares were traded during mid-day trading, a decline of 42% from the average session volume of 660,938 shares. The stock had previously closed at GBX 1.40.

Chesterfield Resources Price Performance

The firm has a market cap of £2.63 million, a price-to-earnings ratio of -2.50 and a beta of 1.16. The stock’s fifty day moving average price is GBX 1.28 and its 200-day moving average price is GBX 0.98.

Insider Activity

In other Chesterfield Resources news, insider Paul Ensor bought 300,000 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was acquired at an average price of GBX 1 per share, with a total value of £3,000. Insiders acquired a total of 1,929,089 shares of company stock valued at $1,929,089 in the last ninety days. 35.40% of the stock is owned by corporate 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. The company was incorporated in 2017 and is based in London, the United Kingdom.