Mercantile Ports & Logistics (LON:MPL) Shares Up 25.2% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price traded up 25.2% during mid-day trading on Thursday . The company traded as high as GBX 1.95 and last traded at GBX 1.56. 38,868,551 shares were traded during mid-day trading, an increase of 292% from the average daily volume of 9,917,935 shares. The stock had previously closed at GBX 1.25.

Mercantile Ports & Logistics Price Performance

The company has a 50-day moving average of GBX 1.49 and a 200 day moving average of GBX 1.23. 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 stock has a market capitalization of £5.58 million, a PE ratio of -0.19 and a beta of 0.41.

Mercantile Ports & Logistics (LON:MPL) last released its earnings results on Tuesday, June 30th. The company reported GBX (0.08) earnings per share (EPS) for the quarter.

About Mercantile Ports & Logistics

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.