World Chess (LON:CHSS) Trading 31.8% Higher – What’s Next?

World Chess PLC (LON:CHSS)’s stock price was up 31.8% during trading on Monday . The company traded as high as GBX 0.68 and last traded at GBX 0.68. Approximately 1,903,083 shares were traded during trading, an increase of 19% from the average daily volume of 1,597,505 shares. The stock had previously closed at GBX 0.52.

World Chess Stock Performance

The stock has a market cap of £6.86 million and a PE ratio of -1.24. The company has a 50 day moving average of GBX 1.20 and a two-hundred day moving average of GBX 1.75.

Insider Activity at World Chess

In other news, insider Ilya Merenzon sold 14,000,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of GBX 2, for a total transaction of £280,000. 45.86% of the stock is owned by company 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.