World Chess (LON:CHSS) Trading 2.3% Higher – Still a Buy?

World Chess PLC (LON:CHSS)’s stock price rose 2.3% during trading on Wednesday . The stock traded as high as GBX 0.44 and last traded at GBX 0.44. 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 Performance

The stock has a 50 day simple moving average of GBX 0.56 and a two-hundred day simple moving average of GBX 0.94. The firm has a market cap of £3.91 million, a PE ratio of -0.70 and a beta of 1.10.

Insider Buying and Selling

In other World Chess news, insider Ilya Merenzon sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, January 19th. The stock was sold at an average price of GBX 1, for a total value of £30,000. 43.51% of the stock is currently 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.