Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) shares dropped 9.2% during trading on Friday . The stock traded as low as GBX 1.90 and last traded at GBX 2.04. Approximately 28,701,143 shares changed hands during mid-day trading, an increase of 161% from the average daily volume of 11,016,610 shares. The stock had previously closed at GBX 2.25.
Mercantile Ports & Logistics Stock Performance
The stock’s 50 day moving average price is GBX 1.29 and its 200 day moving average price is GBX 0.76. 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 company has a market cap of £7.28 million, a price-to-earnings ratio of -0.24 and a beta of 0.41.
Mercantile Ports & Logistics Company Profile
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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