World Chess CEO Disposes of 9.74 Million Shares

World Chess PLC ( (GB:CHSS) ) just unveiled an update.

World Chess PLC announced the disposal of ordinary shares by its CEO, Ilya Merenzon, totaling 9,740,000 shares sold at prices of £0.0349 and £0.0336, amounting to £333,622. This transaction, conducted on the London Stock Exchange, may influence the company’s market perception and stakeholder confidence as it reflects significant insider activity.

Spark’s Take on GB:CHSS Stock

According to Spark, TipRanks’ AI Analyst, GB:CHSS is a Underperform.

World Chess PLC faces considerable financial difficulties, with negative profitability and weak cash flow being the most significant risks. Technical analysis corroborates the negative outlook, while valuation metrics highlight a lack of investor returns. Despite some positive corporate events, the overall outlook remains bleak due to fundamental financial weaknesses.

To see Spark’s full report on GB:CHSS stock, click here.

More about World Chess PLC

World Chess PLC is a prominent organization in the chess industry, dedicated to enhancing the global popularity of chess. The company is listed on the London Stock Exchange under the ticker CHSS.

Average Trading Volume: 342,313

Technical Sentiment Signal: Sell

For a thorough assessment of CHSS stock, go to TipRanks’ Stock Analysis page.