World Chess PLC (LON:CHSS – Get Free Report)’s stock price was up 19.2% on Thursday . The company traded as high as GBX 0.60 and last traded at GBX 0.60. Approximately 100,000 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 3,631,886 shares. The stock had previously closed at GBX 0.50.
World Chess Stock Performance
The company has a fifty day simple moving average of GBX 0.74 and a two-hundred day simple moving average of GBX 1.13. The company 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 the business’s stock in a transaction dated Monday, January 19th. The shares were sold at an average price of GBX 1, for a total transaction of £30,000. 44.27% of the stock is currently owned by insiders.
World Chess Company Profile
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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