Mercantile Ports & Logistics (LON:MPL) Issues Earnings Results

Mercantile Ports & Logistics (LON:MPL – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX (0.90) EPS for the quarter, Digital Look Earnings reports.

Mercantile Ports & Logistics Stock Performance

Shares of MPL opened at GBX 1.50 on Friday. 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 has a market capitalization of £5.35 million, a P/E ratio of -0.19 and a beta of 0.41. Mercantile Ports & Logistics has a 12-month low of GBX 0.20 and a 12-month high of GBX 3.30. The firm’s 50 day moving average is GBX 1.53 and its 200-day moving average is GBX 1.28.

About Mercantile Ports & Logistics

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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.

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