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

Bluebird Merchant Ventures Limited (LON:BMV) shares rose 10% 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 traded 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 Up 10.0 %

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 stock has a market capitalization of £4.31 million, a PE ratio of 215.00 and a beta of 0.62. The stock’s 50 day simple moving average is GBX 0.63 and its two-hundred day simple moving average is GBX 0.77.

Insider Buying and Selling at Bluebird Merchant Ventures

In related news, insider Aidan Bishop bought 1,000,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($12,615.11). Corporate 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.