World Chess (LON:CHSS) Hits New 52-Week Low – What’s Next?

World Chess PLC (LON:CHSS) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 0.33 and last traded at GBX 0.35, with a volume of 151500 shares traded. The stock had previously closed at GBX 0.33.

World Chess Stock Down 6.2%

The stock has a market capitalization of £2.71 million, a price-to-earnings ratio of -0.48 and a beta of 1.10. The stock’s 50-day simple moving average is GBX 0.51 and its 200 day simple moving average is GBX 0.90.

Insiders Place Their Bets

In other World Chess news, insider Ilya Merenzon sold 3,000,000 shares of the firm’s stock in a transaction dated Monday, January 19th. The shares were sold at an average price of GBX 1, for a total value of £30,000. Insiders own 43.51% of the company’s stock.

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.