Mercantile Ports & Logistics (LON:MPL) Shares Down 11.8% – Here’s What Happened

Shares of Mercantile Ports & Logistics Limited (LON:MPL) traded down 11.8% during mid-day trading on Wednesday . The stock traded as low as GBX 1.53 and last traded at GBX 1.68. 9,421,387 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 10,440,282 shares. The stock had previously closed at GBX 1.90.

Mercantile Ports & Logistics Stock Down 11.8%

The stock has a fifty day moving average of GBX 1.51 and a 200 day moving average of GBX 1.07. The firm has a market capitalization of £5.97 million, a P/E ratio of -0.21 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 (LON:MPL) last announced its quarterly earnings data 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.