Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) was down 15.8% on Thursday . The stock traded as low as GBX 1.60 and last traded at GBX 1.60. 8,179,529 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 10,460,710 shares. The stock had previously closed at GBX 1.90.
Mercantile Ports & Logistics Stock Down 16.4%
The firm has a fifty day moving average of GBX 1.46 and a 200-day moving average of GBX 0.97. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The firm has a market cap of £4.92 million, a P/E ratio of -0.17 and a beta of 0.41.
Mercantile Ports & Logistics (LON:MPL – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported GBX (0.08) 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.
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