Mercantile Ports & Logistics (LON:MPL) Stock Price Down 65.6% – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPL) shares fell 65.6% during mid-day trading on Tuesday . The stock traded as low as GBX 0.70 and last traded at GBX 0.71. 18,119,689 shares changed hands during mid-day trading, an increase of 253% from the average session volume of 5,126,540 shares. The stock had previously closed at GBX 2.05.

Mercantile Ports & Logistics Price Performance

The company’s 50 day moving average price is GBX 0.61 and its 200-day moving average price is GBX 0.57. The company has a market cap of £1.96 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 quick ratio of 0.38 and a current ratio of 1.01.

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.