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Bluebird Merchant Ventures ( (GB:BMV) ) has shared an announcement.
Bluebird Mining Ventures has launched a WRAP retail offer to raise up to £130,000 through the issue of up to 86,666,666 new ordinary shares at £0.0015 each, giving existing UK retail shareholders the opportunity to participate on the same terms as institutional investors. The retail raise comes alongside a previously completed £500,000 placing and £100,000 subscription, and together with related share issuances will take total gross fundraising to as much as £730,500, subject to admission of the new shares to the Official List and trading on the London Stock Exchange, slightly diluting existing holdings but bolstering the company’s capital base for its stated corporate purposes.
The most recent analyst rating on (GB:BMV) stock is a Hold with a £0.17 price target. To see the full list of analyst forecasts on Bluebird Merchant Ventures stock, see the GB:BMV Stock Forecast page.
Spark’s Take on GB:BMV Stock
According to Spark, TipRanks’ AI Analyst, GB:BMV is a Neutral.
The score is primarily weighed down by weak financial performance (no revenue, ongoing losses, and persistent negative operating/free cash flow) and bearish technical positioning (price below major moving averages with negative MACD). A low-leverage balance sheet provides some support, but losses and cash burn limit valuation confidence given a negative P/E and no dividend yield data.
To see Spark’s full report on GB:BMV stock, click here.
More about Bluebird Merchant Ventures
Bluebird Mining Ventures is a UK-listed gold streaming, mining and treasury company focused on providing exposure to gold through a combination of streaming agreements, mining interests and treasury operations. The company targets investors seeking leveraged exposure to the gold sector via listed equity on the London Stock Exchange’s Main Market.
Average Trading Volume: 7,501,035
Technical Sentiment Signal: Sell
Current Market Cap: £1.43M
For an in-depth examination of BMV stock, go to TipRanks’ Overview page.