Bluebird Merchant Ventures (LON:BMV) Shares Pass Below Fifty Day Moving Average – Here’s Why

Bluebird Merchant Ventures Limited (LON:BMV) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 0.60 ($0.01) and traded as low as GBX 0.45 ($0.01). Bluebird Merchant Ventures shares last traded at GBX 0.49 ($0.01), with a volume of 2,884,726 shares changing hands.

Bluebird Merchant Ventures Trading Up 3.2 %

The firm has a 50-day moving average price of GBX 0.60 and a 200-day moving average price of GBX 0.68. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 2.29. The company has a market capitalization of £3.49 million, a price-to-earnings ratio of 215.00 and a beta of 0.62.

Insiders Place Their Bets

In other Bluebird Merchant Ventures news, insider Aidan Bishop acquired 1,000,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($12,899.90). Company 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.