Bluebird Merchant Ventures (LON:BMV) Shares Down 16% – Here’s Why

Shares of Bluebird Merchant Ventures Limited (LON:BMV) dropped 16% on Wednesday . The company traded as low as GBX 0.57 ($0.01) and last traded at GBX 0.57 ($0.01). Approximately 2,914,725 shares traded hands during trading, a decline of 30% from the average daily volume of 4,188,535 shares. The stock had previously closed at GBX 0.68 ($0.01).

Bluebird Merchant Ventures Trading Down 5.7 %

The business’s 50-day simple moving average is GBX 0.58 and its two-hundred day simple moving average is GBX 0.66. The stock has a market capitalization of £4.03 million, a price-to-earnings ratio of 215.00 and a beta of 0.62. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.08 and a quick ratio of 0.08.

Insider Activity at Bluebird Merchant Ventures

In related news, insider Aidan Bishop bought 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 cost of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($13,267.88). 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.