Key Points
- Insider sale: Ilya Merenzon sold 3,000,000 shares on January 19 at an average price of GBX 1 (total £30,000) and previously sold 14,000,000 shares on November 7 at GBX 2 (total £280,000).
- Share performance and valuation: World Chess shares opened at GBX 0.92 (down 3.7%), the company has a market cap of £8.05 million, a negative PE of -1.45, and a 12‑month range of GBX 0.40–5.20 with 50/200‑day moving averages at GBX 0.75/1.19.
- Business summary: World Chess is a London‑based chess gaming and entertainment company and official commercial partner of FIDE, operating the FIDE Chess Arena platform and organising events including the Armageddon Series.
World Chess PLC (LON:CHSS - Get Free Report) insider Ilya Merenzon sold 3,000,000 shares of the stock in a transaction on Monday, January 19th. The stock was sold at an average price of GBX 1, for a total transaction of £30,000.
Ilya Merenzon also recently made the following trade(s):
- On Friday, November 7th, Ilya Merenzon sold 14,000,000 shares of World Chess stock. The stock was sold at an average price of GBX 2, for a total transaction of £280,000.
World Chess Stock Down 3.7%
Shares of LON CHSS opened at GBX 0.92 on Thursday. The company has a market capitalization of £8.05 million and a PE ratio of -1.45. The stock's 50 day moving average price is GBX 0.75 and its 200-day moving average price is GBX 1.19. World Chess PLC has a twelve month low of GBX 0.40 and a twelve month high of GBX 5.20.
World Chess Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
