World Chess (LON:CHSS) Shares Up 4.2% – Time to Buy?

World Chess PLC (LON:CHSS) shares shot up 4.2% on Monday . The stock traded as high as GBX 0.25 and last traded at GBX 0.25. 1,309,800 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 2,301,391 shares. The stock had previously closed at GBX 0.24.

World Chess Stock Performance

The stock has a market cap of £2.62 million, a price-to-earnings ratio of -0.48 and a beta of 1.10. The firm’s 50-day simple moving average is GBX 0.36 and its two-hundred day simple moving average is GBX 0.59.

World Chess Company Profile

World Chess (LSE: CHSS) is a London-listed chess entertainment company and the official commercial partner of the International Chess Federation (FIDE).

The Company’s mission is to establish chess as a mainstream spectator sport — building the infrastructure, platform, and content to serve the game’s 600 million players worldwide.

The Platform:

World Chess operates worldchess.com, FIDE’s official online platform, with over one million registered users. The platform offers FIDE-rated play, official titles, and is the only online destination where players can earn ratings recognised by the governing body of world chess.

The World Chess Show is the Company’s flagship broadcast product, distributed across 50+ markets.