World Chess (LON:CHSS) Shares Down 4% – What’s Next?

World Chess PLC (LON:CHSS) shares were down 4% during mid-day trading on Friday. The stock traded as low as GBX 0.60 and last traded at GBX 0.60. Approximately 20,290 shares traded hands during trading, a decline of 99% from the average daily volume of 1,696,575 shares. The stock had previously closed at GBX 0.62.

World Chess Price Performance

The stock’s 50-day moving average is GBX 0.55 and its 200-day moving average is GBX 0.42. The stock has a market cap of £6.54 million, a price-to-earnings ratio of -1.50 and a beta of 1.39.

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.