Mercantile Ports & Logistics (LON:MPL) Stock Price Down 20% – Time to Sell?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price traded down 20% during trading on Tuesday . The stock traded as low as GBX 0.26 and last traded at GBX 0.26. 100,000 shares were traded during trading, a decline of 85% from the average session volume of 684,709 shares. The stock had previously closed at GBX 0.33.

Mercantile Ports & Logistics Stock Down 20.0%

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 stock’s 50-day moving average price is GBX 0.39 and its two-hundred day moving average price is GBX 0.55. The stock has a market capitalization of £926,413.80, a PE ratio of -0.03 and a beta of 0.41.

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.