Mercantile Ports & Logistics (LON:MPL) Issues Earnings Results

Mercantile Ports & Logistics (LON:MPL – Get Free Report) released its earnings results on Wednesday. The company reported GBX (0.90) earnings per share for the quarter, Digital Look Earnings reports.

Mercantile Ports & Logistics Stock Performance

Shares of LON:MPL opened at GBX 1.80 on Wednesday. The firm’s 50 day simple moving average is GBX 1.52 and its 200 day simple moving average is GBX 1.27. Mercantile Ports & Logistics has a fifty-two week low of GBX 0.20 and a fifty-two week high of GBX 3.30. The company has a market capitalization of £6.41 million, a price-to-earnings ratio of -0.22 and a beta of 0.41. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38.

Mercantile Ports & Logistics Company Profile

(Get Free Report)

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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