World Chess (LON:CHSS) Trading Down 9.1% – Time to Sell?

World Chess PLC (LON:CHSS) traded down 9.1% during mid-day trading on Thursday . The company traded as low as GBX 0.50 and last traded at GBX 0.50. Approximately 109,234 shares changed hands during trading, a decline of 94% from the average daily volume of 1,879,284 shares. The stock had previously closed at GBX 0.55.

World Chess Trading Up 27.3%

The company has a market capitalization of £7.63 million, a price-to-earnings ratio of -1.40 and a beta of 1.39. The firm has a 50-day moving average price of GBX 0.38 and a 200-day moving average price of GBX 0.35.

World Chess Company Profile

World Chess (LSE: CHSS) is a London-listed chess entertainment company and the official commercial partner of the International Chess Federation (FIDE).

The Company’s mission is to establish chess as a mainstream spectator sport — building the infrastructure, platform, and content to serve the game’s 600 million players worldwide.

The Platform:

World Chess operates worldchess.com, FIDE’s official online platform, with over one million registered users. The platform offers FIDE-rated play, official titles, and is the only online destination where players can earn ratings recognised by the governing body of world chess.

The World Chess Show is the Company’s flagship broadcast product, distributed across 50+ markets.