Mercantile Ports & Logistics (LON:MPL) Trading Down 5.8% – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPL)’s share price was down 5.8% during trading on Tuesday . The company traded as low as GBX 1.11 ($0.01) and last traded at GBX 1.11 ($0.01). Approximately 5,555 shares were traded during trading, a decline of 98% from the average daily volume of 245,736 shares. The stock had previously closed at GBX 1.18 ($0.01).

Mercantile Ports & Logistics Stock Performance

The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The firm has a 50-day moving average price of GBX 1.17 and a two-hundred day moving average price of GBX 1.44. The firm has a market cap of £3.94 million, a PE ratio of -12.75 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.