Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) shares fell 10.6% during mid-day trading on Wednesday . The stock traded as low as GBX 1.24 and last traded at GBX 1.25. 2,309,657 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 9,755,551 shares. The stock had previously closed at GBX 1.40.
Mercantile Ports & Logistics Stock Performance
The stock’s 50-day simple moving average is GBX 1.49 and its 200-day simple moving average is GBX 1.22. The stock has a market cap of £4.46 million, a price-to-earnings ratio of -0.15 and a beta of 0.41. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03.
Mercantile Ports & Logistics (LON:MPL – Get Free Report) last issued its quarterly earnings results 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.
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