Bluebird Merchant Ventures (LON:BMV) Trading Down 12% – Here’s What Happened

Shares of Bluebird Merchant Ventures Limited (LON:BMVGet Free Report) were down 12% on Wednesday . The stock traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.55 ($0.01). Approximately 131,147 shares changed hands during trading, a decline of 98% from the average daily volume of 5,373,866 shares. The stock had previously closed at GBX 0.63 ($0.01).

Bluebird Merchant Ventures Price Performance

The company has a market capitalization of £3.69 million, a PE ratio of 215.00 and a beta of 0.62. The firm has a fifty day moving average of GBX 0.64 and a two-hundred day moving average of GBX 0.74. 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 company’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($12,886.60). Company insiders own 40.42% of the company’s stock.

About Bluebird Merchant Ventures

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Bluebird Merchant Ventures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bluebird Merchant Ventures and related companies with MarketBeat.com's FREE daily email newsletter.