World Chess PLC (LON:CHSS – Get Free Report)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 0.40 and last traded at GBX 0.61, with a volume of 31597316 shares. The stock had previously closed at GBX 0.82.
World Chess Trading Up 35.8%
The business’s 50-day moving average is GBX 1.38 and its two-hundred day moving average is GBX 1.93. The firm has a market cap of £5.97 million and a P/E ratio of -1.08.
Insider Activity at World Chess
In related news, insider Ilya Merenzon sold 14,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of GBX 2, for a total value of £280,000. Corporate insiders own 45.86% of the company’s stock.
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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