Mercantile Ports & Logistics (LON:MPL) Shares Down 9.3% – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price was down 9.3% during mid-day trading on Wednesday . The stock traded as low as GBX 0.30 and last traded at GBX 0.34. Approximately 60,546 shares changed hands during trading, a decline of 92% from the average daily volume of 730,637 shares. The stock had previously closed at GBX 0.38.

Mercantile Ports & Logistics Trading Down 9.3%

The firm’s 50 day moving average is GBX 0.44 and its 200 day moving average is GBX 0.70. 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 has a market cap of £1.21 million, a PE ratio of -0.04 and a beta of 0.41.

Mercantile Ports & Logistics Company Profile

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.