World Chess PLC (LON:CHSS – Get Free Report)’s stock price traded down 10.2% during trading on Thursday . The stock traded as low as GBX 1.12 and last traded at GBX 1.12. 796,031 shares traded hands during trading, a decline of 45% from the average session volume of 1,458,902 shares. The stock had previously closed at GBX 1.25.
World Chess Stock Performance
The company has a market capitalization of £9.87 million and a PE ratio of -1.78. The business has a fifty day moving average price of GBX 1.49 and a 200 day moving average price of GBX 2.
Insider Transactions at World Chess
In related news, insider Ilya Merenzon sold 14,000,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of GBX 2, for a total transaction of £280,000. 45.86% of the stock is owned by corporate insiders.
About World Chess
World Chess (LSE: CHSS) is a London-based chess gaming and entertainment company and International Chess Federation (‘FIDE’) official commercial partner.
The Company’s vision is to build a global, leading intellectual sports brand by reinventing chess for the modern consumer. World Chess intends to do this by becoming the leading platform for the global chess community through online, in person and hybrid chess events and activities, and by providing complementary product offerings to players, spectators, and partners through its ecosystem, which is made up of the following pillars.
FIDE Gaming Platform
World Chess runs FIDE Chess Arena, the exclusive official gaming platform of FIDE and has the official rights to offer its players the official ratings and titles, recognised by FIDE.
Events and Competitions
The Company is experienced in organising events and competitions to promote the sport including the organisation of three World Chess Championship matches.
Recently, World Chess developed and launched the Armageddon Series, the chess league for prime-time television.
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