Mercantile Ports & Logistics (LON:MPL) Stock Price Up 12% – Time to Buy?

Mercantile Ports & Logistics Limited (LON:MPL) shares were up 12% during mid-day trading on Tuesday . The company traded as high as GBX 0.70 and last traded at GBX 0.70. Approximately 115,105 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 3,045,280 shares. The stock had previously closed at GBX 0.63.

Mercantile Ports & Logistics Trading Up 12.0%

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 £2.49 million, a price-to-earnings ratio of -0.08 and a beta of 0.41. The company has a 50-day moving average price of GBX 0.47 and a 200 day moving average price of GBX 0.92.

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.