World Chess (LON:CHSS) Sets New 52-Week Low – Here’s What Happened

World Chess PLC (LON:CHSS) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.40 and last traded at GBX 0.61, with a volume of 31597316 shares changing hands. The stock had previously closed at GBX 0.82.

World Chess Stock Down 26.0%

The firm’s 50-day moving average price is GBX 1.45 and its 200 day moving average price is GBX 1.96. The company has a market capitalization of £5.37 million and a P/E ratio of -0.97.

Insider Transactions at World Chess

In other World Chess news, insider Ilya Merenzon sold 14,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of GBX 2, for a total transaction of £280,000. Company insiders own 45.86% of the company’s stock.

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.