Mercantile Ports & Logistics (LON:MPL) Trading Down 10.3% – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price fell 10.3% during mid-day trading on Thursday . The stock traded as low as GBX 1.23 and last traded at GBX 1.39. Approximately 27,449,740 shares traded hands during mid-day trading, an increase of 143% from the average session volume of 11,282,147 shares. The stock had previously closed at GBX 1.55.

Mercantile Ports & Logistics Price Performance

The firm has a market capitalization of £4.36 million, a P/E ratio of -0.14 and a beta of 0.41. The stock’s 50 day simple moving average is GBX 1.29 and its 200 day simple moving average is GBX 0.80. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01.

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

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.