World Chess (LON:CHSS) Trading Down 0.8% – What’s Next?

World Chess PLC (LON:CHSS)’s share price dropped 0.8% during trading on Wednesday . The stock traded as low as GBX 0.46 and last traded at GBX 0.60. Approximately 2,144,593 shares changed hands during trading, a decline of 45% from the average daily volume of 3,926,219 shares. The stock had previously closed at GBX 0.61.

World Chess Stock Up 10.0%

The stock’s 50 day moving average price is GBX 0.74 and its two-hundred day moving average price is GBX 1.14. The firm has a market capitalization of £4.84 million and a price-to-earnings ratio of -0.87.

Insider Buying and Selling at World Chess

In other news, insider Ilya Merenzon sold 3,000,000 shares of World Chess stock in a transaction dated Monday, January 19th. The stock was sold at an average price of GBX 1, for a total transaction of £30,000. 44.27% of the stock is owned by company 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.