Shares of Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) traded down 7.1% during mid-day trading on Tuesday . The company traded as low as GBX 1.40 and last traded at GBX 1.44. 34,795,590 shares were traded during mid-day trading, an increase of 221% from the average session volume of 10,833,897 shares. The stock had previously closed at GBX 1.55.
Mercantile Ports & Logistics Stock Performance
The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01. The firm’s 50-day moving average price is GBX 1.10 and its two-hundred day moving average price is GBX 0.66. The firm has a market capitalization of £5.13 million, a price-to-earnings ratio of -0.17 and a beta of 0.41.
About Mercantile Ports & Logistics
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.
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