Mercantile Ports & Logistics (LON:MPL) Stock Price Down 27.3% – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPL) shares fell 27.3% on Thursday . The company traded as low as GBX 0.40 and last traded at GBX 0.40. 118,941 shares changed hands during trading, a decline of 68% from the average session volume of 375,310 shares. The stock had previously closed at GBX 0.55.

Mercantile Ports & Logistics Stock Performance

The business’s 50 day simple moving average is GBX 0.70 and its two-hundred day simple moving average is GBX 1.03. The firm has a market capitalization of £1.07 million, a PE ratio of -0.04 and a beta of 0.41. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03.

Mercantile Ports & Logistics (LON:MPL) last issued its 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.