Chesterfield Resources (LON:CHF) Shares Up 9.5% – Here’s What Happened

Chesterfield Resources plc (LON:CHF)’s share price shot up 9.5% during trading on Friday . The company traded as high as GBX 1.20 and last traded at GBX 1.15. 143,411 shares were traded during trading, a decline of 76% from the average session volume of 588,677 shares. The stock had previously closed at GBX 1.05.

Chesterfield Resources Stock Up 33.3%

The firm has a 50 day moving average of GBX 1.29 and a two-hundred day moving average of GBX 0.97. The firm has a market capitalization of £2.63 million, a price-to-earnings ratio of -2.50 and a beta of 1.16.

Insider Activity at Chesterfield Resources

In related news, insider Paul Ensor purchased 300,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were bought at an average cost of GBX 1 per share, with a total value of £3,000. In the last quarter, insiders acquired 1,929,089 shares of company stock worth $1,929,089. Insiders own 35.40% of the company’s stock.

Chesterfield Resources Company Profile

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. The company was incorporated in 2017 and is based in London, the United Kingdom.