Chesterfield Resources (LON:CHF) Trading Down 8.2% – Here’s Why

Chesterfield Resources plc (LON:CHFGet Free Report) was down 8.2% during trading on Monday . The stock traded as low as GBX 0.67 ($0.01) and last traded at GBX 0.67 ($0.01). Approximately 5,612,686 shares traded hands during trading, an increase of 374% from the average daily volume of 1,183,214 shares. The stock had previously closed at GBX 0.73 ($0.01).

Chesterfield Resources Stock Down 8.2%

The firm has a 50 day moving average of GBX 0.50 and a 200 day moving average of GBX 0.38. The firm has a market cap of £1.42 million, a price-to-earnings ratio of -0.73 and a beta of 1.16.

Chesterfield Resources (LON:CHFGet Free Report) last released its earnings results on Wednesday, April 30th. The company reported GBX (0.64) (($0.01)) EPS for the quarter.

Insider Buying and Selling

In other news, insider Kashif Afzal acquired 2,000,000 shares of Chesterfield Resources stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £20,000 ($26,917.90). 28.74% of the stock is currently owned by insiders.

About Chesterfield Resources

(Get Free Report)

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.

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