Ilya Merenzon Purchases 20,000,000 Shares of World Chess PLC (LON:CHSS) Stock

World Chess PLC (LON:CHSS) insider Ilya Merenzon purchased 20,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of GBX 3 ($0.04) per share, with a total value of £600,000 ($798,509.45).

World Chess Stock Performance

The firm has a market cap of £26.98 million and a PE ratio of -6.38. The stock’s fifty day simple moving average is GBX 3.99 and its two-hundred day simple moving average is GBX 3.99. World Chess PLC has a 52 week low of GBX 2.50 ($0.03) and a 52 week high of GBX 18 ($0.24).

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.