Key Points
- Insider sale: Ilya Merenzon sold 14,000,000 shares of World Chess at an average price of GBX 2 on November 7, for a total of £280,000.
- Stock moved lower: World Chess shares opened at GBX 1.12 and were reported trading down 13.8%; the stock has a 12‑month range of GBX 0.50–5.20, a market capitalization of £9.85 million and a negative P/E of -1.78.
- Business profile: World Chess is a London-based chess gaming and entertainment company and an official commercial partner of FIDE, operating the FIDE Chess Arena and organizing major events including the Armageddon Series.
World Chess PLC (LON:CHSS - Get Free Report) insider Ilya Merenzon sold 14,000,000 shares of World Chess stock in a transaction dated Friday, November 7th. The shares were sold at an average price of GBX 2, for a total value of £280,000.
World Chess Trading Down 13.8%
World Chess stock opened at GBX 1.12 on Wednesday. World Chess PLC has a 12-month low of GBX 0.50 and a 12-month high of GBX 5.20. The firm has a market capitalization of £9.85 million and a price-to-earnings ratio of -1.78. The firm has a 50 day moving average of GBX 1.48 and a 200 day moving average of GBX 2.02.
About World Chess
(
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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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