Chesterfield Resources (LON:CHF) Stock Price Up 3.8% – Here’s Why

Shares of Chesterfield Resources plc (LON:CHF) rose 3.8% during mid-day trading on Monday . The company traded as high as GBX 0.77 ($0.01) and last traded at GBX 0.77 ($0.01). Approximately 1,130,000 shares changed hands during trading, a decline of 3% from the average daily volume of 1,166,415 shares. The stock had previously closed at GBX 0.74 ($0.01).

Chesterfield Resources Stock Up 3.8%

The stock’s 50-day moving average price is GBX 0.55 and its 200 day moving average price is GBX 0.40. The firm has a market cap of £1.63 million, a price-to-earnings ratio of -0.84 and a beta of 1.16.

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

Insiders Place Their Bets

In other Chesterfield Resources news, insider Kashif Afzal bought 2,000,000 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £20,000 ($27,070.93). Company insiders own 28.74% 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.