Mercantile Ports & Logistics (LON:MPL) Reaches New 52-Week Low – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.20 and last traded at GBX 0.36, with a volume of 322080 shares traded. The stock had previously closed at GBX 0.30.

Mercantile Ports & Logistics Trading Up 20.0%

The company’s 50 day moving average price is GBX 0.63 and its 200 day moving average price is GBX 1. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The firm has a market cap of £1.28 million, a PE ratio of -0.04 and a beta of 0.41.

Mercantile Ports & Logistics (LON:MPL) last announced its earnings results on Tuesday, September 30th. The company reported GBX (0.05) earnings per share 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.