Mercantile Ports & Logistics (LON:MPL) Trading 35% Higher – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL) traded up 35% during mid-day trading on Wednesday . The company traded as high as GBX 1.74 and last traded at GBX 1.62. 11,021,974 shares were traded during trading, an increase of 17% from the average session volume of 9,407,272 shares. The stock had previously closed at GBX 1.20.

Mercantile Ports & Logistics Price 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 firm has a market capitalization of £5.99 million, a PE ratio of -0.20 and a beta of 0.41. The company has a fifty day moving average price of GBX 0.93 and a two-hundred day moving average price of GBX 0.61.

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.