Insider Selling: World Chess (LON:CHSS) Insider Sells £280,000 in Stock

World Chess PLC (LON:CHSS) insider Ilya Merenzon sold 14,000,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of GBX 2, for a total value of £280,000.

World Chess Stock Performance

World Chess stock opened at GBX 0.90 on Friday. The company has a market cap of £7.92 million and a P/E ratio of -1.43. World Chess PLC has a one year low of GBX 0.50 and a one year high of GBX 5.20. The business has a fifty day moving average of GBX 1.47 and a two-hundred day moving average of GBX 1.99.

About World Chess

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.