Mercantile Ports & Logistics (LON:MPL) Stock Price Up 25.2% – Time to Buy?

Mercantile Ports & Logistics Limited (LON:MPL) was up 25.2% during trading on Thursday. The company traded as high as GBX 1.95 and last traded at GBX 1.56. 38,868,551 shares were traded during trading, an increase of 292% from the average daily volume of 9,917,935 shares. The stock had previously closed at GBX 1.25.

Mercantile Ports & Logistics Stock Performance

The stock has a market cap of £5.94 million, a price-to-earnings 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 stock’s 50-day moving average is GBX 1.50 and its 200-day moving average is GBX 1.24.

Mercantile Ports & Logistics (LON:MPL) last posted its quarterly earnings data on Tuesday, June 30th. The company reported GBX (0.08) earnings per share (EPS) for the quarter.

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.