Mercantile Ports & Logistics (LON:MPL) Stock Price Down 4.3% – What’s Next?

Shares of Mercantile Ports & Logistics Limited (LON:MPL) traded down 4.3% during mid-day trading on Tuesday . The stock traded as low as GBX 0.50 and last traded at GBX 0.55. 434,919 shares changed hands during trading, a decline of 78% from the average session volume of 1,986,692 shares. The stock had previously closed at GBX 0.58.

Mercantile Ports & Logistics Stock Down 4.3%

The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01. The firm has a market capitalization of £1.96 million, a PE ratio of -0.06 and a beta of 0.41. The firm’s 50-day moving average is GBX 0.46 and its 200 day moving average is GBX 0.91.

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.