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

Shares of Bluebird Merchant Ventures Limited (LON:BMV) traded down 11.1% during mid-day trading on Friday . The company 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 mid-day 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 Stock Down 2.2 %

The business’s fifty day simple moving average is GBX 0.61 and its 200 day simple moving average is GBX 0.85. The stock has a market cap of £6.27 million, a price-to-earnings ratio of 215.00 and a beta of 0.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 2.29.

Insiders Place Their Bets

In other Bluebird Merchant Ventures news, insider Aidan Bishop acquired 1,000,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £10,000 ($12,482.84). Company insiders own 40.42% of the company’s stock.

About Bluebird Merchant Ventures

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.