Mercantile Ports & Logistics (LON:MPL) Trading 22.2% Higher – Should You Buy?

Shares of Mercantile Ports & Logistics Limited (LON:MPL) were up 22.2% on Monday . The company traded as high as GBX 0.50 and last traded at GBX 0.44. Approximately 122,299 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 186,847 shares. The stock had previously closed at GBX 0.36.

Mercantile Ports & Logistics Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The company’s 50-day moving average is GBX 0.51 and its two-hundred day moving average is GBX 0.94. The stock has a market capitalization of £1.57 million, a P/E ratio of -0.05 and a beta of 0.41.

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.