Mercantile Ports & Logistics (LON:MPL) Reaches New 1-Year Low – Here’s What Happened

by · The Cerbat Gem

Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 0.40 and last traded at GBX 0.40, with a volume of 533956 shares changing hands. The stock had previously closed at GBX 0.55.

Mercantile Ports & Logistics Price Performance

The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The firm has a market capitalization of £1.75 million, a PE ratio of -0.06 and a beta of 0.41. The stock has a 50-day moving average price of GBX 0.72 and a 200 day moving average price of GBX 1.03.

Mercantile Ports & Logistics (LON:MPL – Get Free Report) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

Mercantile Ports & Logistics Company Profile

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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.

Further Reading