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

Shares of Chesterfield Resources plc (LON:CHF) were down 14.3% on Friday . The company traded as low as GBX 1.20 and last traded at GBX 1.20. Approximately 402,719 shares changed hands during trading, a decline of 71% from the average daily volume of 1,405,731 shares. The stock had previously closed at GBX 1.40.

Chesterfield Resources Stock Down 14.3%

The firm’s 50 day simple moving average is GBX 1.14 and its 200-day simple moving average is GBX 0.86. The company has a market capitalization of £2.25 million, a PE ratio of -2.15 and a beta of 1.16.

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

Insiders Place Their Bets

In other news, insider Paul Ensor bought 1,143,673 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The stock was purchased at an average cost of GBX 1 per share, for a total transaction of £11,436.73. Insiders purchased 1,929,089 shares of company stock worth $1,929,089 in the last three months. 35.40% of the stock is currently owned by company insiders.

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.