Bluebird Merchant Ventures (LON:BMV) Shares Down 11.1% – Here’s Why

Bluebird Merchant Ventures Limited (LON:BMV)’s stock price traded down 11.1% on Friday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01). 5,610,531 shares traded hands during trading, a decline of 24% from the average session volume of 7,342,279 shares. The stock had previously closed at GBX 0.90 ($0.01).

Bluebird Merchant Ventures Trading Down 11.1 %

The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 2.29. The business has a 50 day moving average price of GBX 0.60 and a 200-day moving average price of GBX 0.86. The company has a market cap of £5.70 million, a P/E ratio of 215.00 and a beta of 0.62.

Insider Activity at Bluebird Merchant Ventures

In other Bluebird Merchant Ventures news, insider Aidan Bishop purchased 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($12,351.78). 40.42% of the stock is currently owned by company insiders.

Bluebird Merchant Ventures Company Profile

Bluebird Merchant Ventures Limited, together with its subsidiaries, engages in mining and developing of mineral properties. The company primarily explores for gold and silver deposits. It holds interests in the Gubong project and Kochang project located in South Korea. The company was incorporated in 2014 and is based in Road Town, the British Virgin Islands.