Mercantile Ports & Logistics (LON:MPL) Shares Down 9.2% – Time to Sell?

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price dropped 9.2% during trading on Friday . The stock traded as low as GBX 1.90 and last traded at GBX 2.04. Approximately 28,701,143 shares were traded during trading, an increase of 161% from the average daily volume of 11,016,610 shares. The stock had previously closed at GBX 2.25.

Mercantile Ports & Logistics Stock Down 9.2%

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 company’s fifty day moving average price is GBX 1.30 and its 200-day moving average price is GBX 0.75. The stock has a market capitalization of £7.28 million, a PE ratio of -0.24 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.