Mercantile Ports & Logistics (LON:MPL) Trading Down 5.9% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL)’s share price was down 5.9% during mid-day trading on Friday . The company traded as low as GBX 0.35 and last traded at GBX 0.40. Approximately 264,109 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 973,276 shares. The stock had previously closed at GBX 0.43.

Mercantile Ports & Logistics Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The firm has a market capitalization of £1.43 million, a P/E ratio of -0.05 and a beta of 0.41. The business’s 50 day simple moving average is GBX 0.43 and its two-hundred day simple moving average is GBX 0.81.

Mercantile Ports & Logistics Company Profile

The company is currently implementing its maiden project of developing a modern port and logistics facility at Karanja Creek in the Raigad District of Maharashtra. The facility will be developed over 200 acres of land with a sea frontage of appx 1,000 meters.
The terminal will be designed to handle vessels of up to 4000 DWT having a draft of up to 5 meters, with the potential to handle vessels up to 10 meter draft at a later stage.

Logistics Facility

Karanja Terminal will also house an ultra-modern logistics complex spread over approximately 100 acres of land.