Chesterfield Resources (LON:CHF) Trading Down 17.4% – Should You Sell?

Chesterfield Resources plc (LON:CHF)’s share price fell 17.4% during mid-day trading on Monday . The company traded as low as GBX 0.95 and last traded at GBX 0.95. 600,000 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 410,061 shares. The stock had previously closed at GBX 1.15.

Chesterfield Resources Trading Down 17.4%

The firm’s fifty day simple moving average is GBX 1.11 and its 200 day simple moving average is GBX 1.08. The company has a market cap of £1.78 million, a price-to-earnings ratio of -1.70 and a beta of 1.16.

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.