Bluebird Merchant Ventures (LON:BMV) Trading 15.8% Higher – What’s Next?

Bluebird Merchant Ventures Limited (LON:BMV)’s share price was up 15.8% during trading on Wednesday . The company traded as high as GBX 0.55 ($0.01) and last traded at GBX 0.55 ($0.01). Approximately 2,891,405 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 4,494,299 shares. The stock had previously closed at GBX 0.48 ($0.01).

Bluebird Merchant Ventures Stock Up 15.8 %

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 company has a market capitalization of £3.92 million, a price-to-earnings ratio of 215.00 and a beta of 0.62. The firm has a 50-day moving average price of GBX 0.64 and a two-hundred day moving average price of GBX 0.70.

Insiders Place Their Bets

In related news, insider Aidan Bishop purchased 1,000,000 shares of Bluebird Merchant Ventures stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £10,000 ($12,946.66). Insiders own 40.42% of the company’s stock.

Bluebird Merchant Ventures Company Profile

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.