Mercantile Ports & Logistics (LON:MPL) Reaches New 52-Week High – Still a Buy?

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 3.70 and last traded at GBX 2.64, with a volume of 57821590 shares. The stock had previously closed at GBX 2.66.

Mercantile Ports & Logistics Stock Performance

The stock has a market cap of £10.73 million, a P/E ratio of -0.37 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. The stock has a 50 day simple moving average of GBX 1.64 and a 200 day simple moving average of GBX 1.36.

Mercantile Ports & Logistics (LON:MPL) last released its earnings results on Wednesday, September 30th. The company reported GBX (0.90) earnings per share for the quarter.

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.