World Chess PLC (LON:CHSS – Get Free Report)’s share price shot up 2.3% during mid-day trading on Wednesday . The company traded as high as GBX 0.44 and last traded at GBX 0.44. Approximately 61,963 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 2,068,963 shares. The stock had previously closed at GBX 0.43.
World Chess Stock Up 2.3%
The stock’s 50-day simple moving average is GBX 0.56 and its two-hundred day simple moving average is GBX 0.94. The company has a market capitalization of £3.91 million, a price-to-earnings ratio of -0.70 and a beta of 1.10.
Insider Activity at World Chess
In related 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. 43.51% of the stock is owned by corporate 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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