The stock of Bluebird Merchant Ventures Ltd (LON:BMV) is a huge mover today! The stock closed at GBX 2.12 during the last session. It is down 52.78% since April 19, 2016 and is downtrending. It has underperformed by 57.21% the S&P500.
The move comes after 8 months positive chart setup for the GBX 4.18M company. It was reported on Nov, 18 by Barchart.com. We have GBX 5.26 PT which if reached, will make LON:BMV worth GBX 6.19M more.
Bluebird Merchant Ventures Ltd is engaged in the Batangas Gold Project , where the Company has a farm-in option to acquire up to 50.1%. The company has a market cap of 4.18 million GBP. The Firm is also engaged in the copper concentrates trading business, and acquisition and expansion of commodity trading. It currently has negative earnings. The BGP is a gold exploration asset located within the Philippines, approximately 120 kilometers south of the capital city of Manila.
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