Mercantile Ports & Logistics (LON:MPL) Trading Down 14.3% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price dropped 14.3% during trading on Tuesday . The stock traded as low as GBX 1.20 and last traded at GBX 1.20. Approximately 707,995 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 9,376,979 shares. The stock had previously closed at GBX 1.40.

Mercantile Ports & Logistics Price Performance

The company has a market capitalization of £6.33 million, a P/E ratio of -0.21 and a beta of 0.41. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The company’s 50-day moving average price is GBX 0.90 and its two-hundred day moving average price is GBX 0.60.

About Mercantile Ports & Logistics

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.