Mercantile Ports & Logistics (LON:MPL) Hits New 1-Year Low – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.40 and last traded at GBX 0.50, with a volume of 553691 shares changing hands. The stock had previously closed at GBX 0.51.

Mercantile Ports & Logistics Stock Down 2.0%

The business has a 50 day simple moving average of GBX 0.81 and a 200 day simple moving average of GBX 1.07. The company has a market capitalization of £1.78 million, a price-to-earnings ratio of -0.06 and a beta of 0.41. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38.

Mercantile Ports & Logistics (LON:MPL) last posted its quarterly earnings data on Tuesday, September 30th. The company reported GBX (0.05) earnings per share (EPS) 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.