Chesterfield Resources (LON:CHF) Shares Up 21.8% – Here’s Why

Shares of Chesterfield Resources plc (LON:CHF) were up 21.8% on Friday . The stock traded as high as GBX 1.37 and last traded at GBX 1.34. Approximately 811,541 shares were traded during trading, a decline of 40% from the average daily volume of 1,356,716 shares. The stock had previously closed at GBX 1.10.

Chesterfield Resources Price Performance

The stock’s 50-day moving average price is GBX 1.30 and its 200-day moving average price is GBX 0.95. The company has a market cap of £2.51 million, a P/E ratio of -2.40 and a beta of 1.16.

Insider Activity at Chesterfield Resources

In related news, insider Paul Ensor purchased 1,143,673 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was acquired at an average price of GBX 1 per share, with a total value of £11,436.73. Insiders have purchased 1,929,089 shares of company stock worth $1,929,089 over the last quarter. 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. The company was incorporated in 2017 and is based in London, the United Kingdom.