Mercantile Ports & Logistics (LON:MPL) Stock Jumps 10.8% – Time to Buy?

Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) shares shot up 10.8% during mid-day trading on Monday. The company traded as high as GBX 3.94 and last traded at GBX 3.70. Approximately 10,090,604 shares traded hands during trading, a decline of 5% from the average daily volume of 10,626,139 shares. The stock had previously closed at GBX 3.34.

Mercantile Ports & Logistics Stock Performance

The stock has a market cap of £13.18 million, a P/E ratio of -0.46 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. The firm’s 50 day moving average is GBX 2.36 and its 200 day moving average is GBX 1.34.

Mercantile Ports & Logistics (LON:MPL – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The company reported GBX (0.90) earnings per share 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.

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