Shares of Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) rose 36.9% on Monday . The company traded as high as GBX 1.78 and last traded at GBX 1.70. Approximately 23,771,645 shares were traded during trading, an increase of 128% from the average daily volume of 10,430,904 shares. The stock had previously closed at GBX 1.24.
Mercantile Ports & Logistics Trading Up 36.9%
The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The firm has a fifty day simple moving average of GBX 1.45 and a 200-day simple moving average of GBX 0.93. The firm has a market cap of £6.06 million, a P/E ratio of -0.20 and a beta of 0.41.
Mercantile Ports & Logistics (LON:MPL – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported GBX (0.08) 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.
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