Bluebird Merchant Ventures (LON:BMV) Trading Up 10% – What’s Next?

Bluebird Merchant Ventures Limited (LON:BMV)’s share price rose 10% during mid-day trading on Tuesday . The company traded as high as GBX 0.61 ($0.01) and last traded at GBX 0.61 ($0.01). Approximately 1,049,021 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 6,093,808 shares. The stock had previously closed at GBX 0.55 ($0.01).

Bluebird Merchant Ventures Trading Down 7.7 %

The stock has a market cap of £4.28 million, a price-to-earnings ratio of 215.00 and a beta of 0.62. The firm’s 50 day moving average is GBX 0.64 and its two-hundred day moving average is GBX 0.76. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 2.29.

Insider Activity

In related news, insider Aidan Bishop bought 1,000,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($12,671.06). 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.