Mercantile Ports & Logistics (LON:MPL) Shares Down 7.7% – Here’s What Happened

Shares of Mercantile Ports & Logistics Limited (LON:MPL) dropped 7.7% on Tuesday . The company traded as low as GBX 0.60 and last traded at GBX 0.60. Approximately 316,260 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 371,753 shares. The stock had previously closed at GBX 0.65.

Mercantile Ports & Logistics Price Performance

The firm’s 50-day moving average is GBX 0.90 and its two-hundred day moving average is GBX 1.09. 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 company has a market cap of £2.14 million, a P/E ratio of -0.07 and a beta of 0.41.

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