Chesterfield Resources Plc (GB:CHF) has released an update.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Chesterfield Resources PLC, an LSE-listed mineral exploration company, has announced positive interim results, including the successful disposal of its Adeline project, which has freed the company from exploration costs while retaining a stake in future successes. The transaction included a CAD$200,000 cash receipt and 8.5 million shares in Sterling Metals, marking Chesterfield’s ownership at around 5%. Despite a pre-tax loss for the period, the company is actively exploring new opportunities and controlling costs, including deferral of board salaries.
For further insights into GB:CHF stock, check out TipRanks’ Stock Analysis page.