Mercantile Ports & Logistics (LON:MPL) Trading 2.9% Higher – Time to Buy?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price rose 2.9% during mid-day trading on Wednesday . The company traded as high as GBX 1.40 and last traded at GBX 1.39. Approximately 3,840,753 shares traded hands during trading, a decline of 61% from the average daily volume of 9,965,724 shares. The stock had previously closed at GBX 1.35.

Mercantile Ports & Logistics Stock Up 2.9%

The stock has a market capitalization of £4.95 million, a PE ratio of -0.17 and a beta of 0.41. The firm’s fifty day moving average is GBX 1.48 and its 200-day moving average is GBX 1.19. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03.

Mercantile Ports & Logistics (LON:MPL) last announced its quarterly earnings data 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.