World Chess (LON:CHSS) Trading 9.7% Higher – Here’s Why

Shares of World Chess PLC (LON:CHSS) rose 9.7% during mid-day trading on Thursday . The company traded as high as GBX 0.40 and last traded at GBX 0.38. Approximately 162,419 shares were traded during trading, a decline of 92% from the average daily volume of 1,978,776 shares. The stock had previously closed at GBX 0.35.

World Chess Trading Up 8.6%

The firm has a 50-day simple moving average of GBX 0.33 and a 200-day simple moving average of GBX 0.35. The firm has a market cap of £4.14 million, a P/E ratio of -0.76 and a beta of 1.35.

About World Chess

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.