Bluebird Merchant Ventures (LON:BMV) Shares Down 11.1% – Here’s What Happened

Bluebird Merchant Ventures Limited (LON:BMV)’s stock price traded down 11.1% during trading on Friday . The stock traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.80 ($0.01). Approximately 5,610,531 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 7,342,279 shares. The stock had previously closed at GBX 0.90 ($0.01).

Bluebird Merchant Ventures Trading Down 11.1 %

The company has a market capitalization of £5.70 million, a price-to-earnings ratio of 215.00 and a beta of 0.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 2.29. The company’s fifty day simple moving average is GBX 0.60 and its two-hundred day simple moving average is GBX 0.86.

Insiders Place Their Bets

In related news, insider Aidan Bishop purchased 1,000,000 shares of Bluebird Merchant Ventures stock in a transaction dated 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 ($12,351.78). 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.