Mercantile Ports & Logistics (LON:MPL) Shares Down 12.7% – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL) traded down 12.7% during mid-day trading on Monday . The company traded as low as GBX 1.43 and last traded at GBX 1.43. 7,366,546 shares were traded during trading, a decline of 24% from the average session volume of 9,724,445 shares. The stock had previously closed at GBX 1.63.

Mercantile Ports & Logistics Price Performance

The stock has a market capitalization of £4.99 million, a price-to-earnings ratio of -0.16 and a beta of 0.41. The business’s fifty day moving average price is GBX 0.96 and its 200-day moving average price is GBX 0.62. 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

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.