Bluebird Merchant Ventures (LON:BMV) Trading Down 7.7% – Here’s What Happened

Bluebird Merchant Ventures Limited (LON:BMV) was down 7.7% during mid-day trading on Friday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.60 ($0.01). Approximately 732,666 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 6,225,434 shares. The stock had previously closed at GBX 0.65 ($0.01).

Bluebird Merchant Ventures Stock Down 7.7 %

The company has a debt-to-equity ratio of 2.29, a current ratio of 0.08 and a quick ratio of 0.08. The business’s 50 day moving average price is GBX 0.63 and its 200 day moving average price is GBX 0.78. The firm has a market cap of £4.28 million, a PE ratio of 215.00 and a beta of 0.62.

Insider Transactions at Bluebird Merchant Ventures

In related news, insider Aidan Bishop acquired 1,000,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were bought at an average price of GBX 1 ($0.01) per share, with a total value of £10,000 ($12,586.53). Corporate 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.