Mercantile Ports & Logistics (LON:MPL) Stock Price Down 12.5% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL) shares dropped 12.5% during mid-day trading on Tuesday . The company traded as low as GBX 2.10 and last traded at GBX 2.27. Approximately 26,463,141 shares traded hands during mid-day trading, an increase of 531% from the average daily volume of 4,190,526 shares. The stock had previously closed at GBX 2.60.

Mercantile Ports & Logistics Stock Performance

The stock has a 50-day simple moving average of GBX 0.42 and a 200-day simple moving average of GBX 0.53. The company has a market capitalization of £8.84 million, a price-to-earnings ratio of -0.29 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 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.