Bluebird Merchant Ventures (LON:BMV) Stock Passes Below 50 Day Moving Average – Should You Sell?

Bluebird Merchant Ventures Limited (LON:BMV)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-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 Price Performance

The stock has a 50-day simple moving average of GBX 0.60 and a 200 day simple moving average of GBX 0.68. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of £3.49 million, a P/E 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 Bluebird Merchant Ventures stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £10,000 ($12,899.90). Corporate 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.