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

Chesterfield Resources plc (LON:CHF)’s share price was down 14.3% on Wednesday . The company traded as low as GBX 1.20 and last traded at GBX 1.20. Approximately 1,440 shares were traded during trading, a decline of 100% from the average daily volume of 1,357,595 shares. The stock had previously closed at GBX 1.40.

Chesterfield Resources Trading Down 10.0%

The company has a 50-day moving average price of GBX 1.29 and a two-hundred day moving average price of GBX 0.92. The stock has a market capitalization of £2.36 million, a P/E ratio of -2.25 and a beta of 1.16.

Insider Buying and Selling

In other Chesterfield Resources news, insider Paul Ensor bought 300,000 shares of the stock in a transaction on Thursday, October 16th. The stock was acquired at an average cost of GBX 1 per share, for a total transaction of £3,000. Insiders purchased a total of 1,929,089 shares of company stock worth $1,929,089 over the last ninety days. Company insiders own 35.40% of the company’s stock.

About Chesterfield Resources

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.