Insider Selling: World Chess PLC (LON:CHSS) Insider Sells £104,000 in Stock

World Chess PLC (LON:CHSS) insider Ilya Merenzon sold 2,600,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 4 ($0.05), for a total value of £104,000 ($140,048.48).

Ilya Merenzon also recently made the following trade(s):

• On Tuesday, June 17th, Ilya Merenzon sold 4,740,000 shares of World Chess stock. The shares were sold at an average price of GBX 3 ($0.04), for a total transaction of £142,200 ($191,489.36).
• On Wednesday, June 4th, Ilya Merenzon sold 2,500,000 shares of World Chess stock. The stock was sold at an average price of GBX 3 ($0.04), for a total transaction of £75,000 ($100,996.50).
• On Monday, June 9th, Ilya Merenzon sold 1,800,000 shares of World Chess stock. The shares were sold at an average price of GBX 4 ($0.05), for a total transaction of £72,000 ($96,956.64).
• On Thursday, June 12th, Ilya Merenzon sold 5,000,000 shares of World Chess stock. The stock was sold at an average price of GBX 3 ($0.04), for a total transaction of £150,000 ($201,993.00).
• On Tuesday, May 13th, Ilya Merenzon acquired 20,000,000 shares of World Chess stock. The shares were acquired at an average cost of GBX 3 ($0.04) per share, with a total value of £600,000 ($807,971.99).

World Chess Stock Down 7.7%

Shares of LON CHSS opened at GBX 3 ($0.04) on Friday. The stock’s 50-day simple moving average is GBX 3.30 and its two-hundred day simple moving average is GBX 3.88. World Chess PLC has a twelve month low of GBX 2.50 ($0.03) and a twelve month high of GBX 18 ($0.24). The firm has a market capitalization of £24.90 million and a P/E ratio of -5.89.

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.