Chesterfield Resources (LON:CHF) Trading Down 16.1% – Should You Sell?

Chesterfield Resources plc (LON:CHF) was down 16.1% on Friday . The stock traded as low as GBX 1.30 and last traded at GBX 1.30. Approximately 469,111 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,424,999 shares. The stock had previously closed at GBX 1.55.

Chesterfield Resources Stock Performance

The company has a market cap of £2.81 million, a P/E ratio of -2.68 and a beta of 1.16. The stock has a 50-day simple moving average of GBX 1.07 and a 200 day simple moving average of GBX 0.83.

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

Insider Activity at Chesterfield Resources

In other Chesterfield Resources news, insider Paul Ensor acquired 300,000 shares of the stock in a transaction dated Thursday, October 16th. The stock was purchased at an average price of GBX 1 per share, with a total value of £3,000. In the last ninety days, insiders acquired 1,929,089 shares of company stock worth $1,929,089. Corporate 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.