Bluebird Merchant Ventures (LON:BMV) Stock Price Up 8.7% on Insider Buying Activity

Bluebird Merchant Ventures Limited (LON:BMV) shares traded up 8.7% during mid-day trading 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 bought 1,000,000 shares of Bluebird Merchant Ventures 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 ($12,351.78).

Bluebird Merchant Ventures Stock Up 3.9 %

The company has a market capitalization of £6.67 million, a P/E ratio of 215.00 and a beta of 0.62. The company has a 50-day moving average of GBX 0.60 and a two-hundred day moving average of GBX 0.86. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 2.29.

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.