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

Shares of Bluebird Merchant Ventures Limited (LON:BMV) shot up 15.8% during mid-day trading on Wednesday . The stock traded as high as GBX 0.55 ($0.01) and last traded at GBX 0.55 ($0.01). 2,891,405 shares traded hands during trading, a decline of 36% from the average session 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 market cap 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 200 day moving average price of GBX 0.70. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.08 and a quick ratio of 0.08.

Insiders Place Their Bets

In related news, insider Aidan Bishop acquired 1,000,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of GBX 1 ($0.01) per share, for a total transaction of £10,000 ($12,946.66). 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.