Bluebird Merchant Ventures Limited (LON:BMV – Get Free Report) shares traded up 8.7% on Wednesday after an insider bought additional shares in the company. The company traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.82 ($0.01). 5,302,611 shares were traded during mid-day trading, a decline of 22% from the average session volume of 6,798,162 shares. The stock had previously closed at GBX 0.75 ($0.01).
Specifically, insider Aidan Bishop purchased 1,000,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £10,000 ($12,351.78).
Bluebird Merchant Ventures Price Performance
The firm has a fifty day moving average of GBX 0.60 and a 200 day moving average of GBX 0.86. 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 £6.67 million, a P/E ratio of 215.00 and a beta of 0.62.
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.
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