Bluebird Merchant Ventures (LON:BMV) Shares Down 9.4% – Here’s What Happened

Shares of Bluebird Merchant Ventures Limited (LON:BMVGet Free Report) dropped 9.4% on Tuesday . The company traded as low as GBX 0.16 and last traded at GBX 0.16. Approximately 4,358,568 shares were traded during trading, a decline of 65% from the average daily volume of 12,628,990 shares. The stock had previously closed at GBX 0.18.

Bluebird Merchant Ventures Trading Down 12.8%

The business has a 50 day simple moving average of GBX 0.33 and a 200 day simple moving average of GBX 0.82. 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 company has a market cap of £1.36 million, a price-to-earnings ratio of -0.48 and a beta of 0.62.

About Bluebird Merchant Ventures

(Get Free Report)

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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