Mercantile Ports & Logistics (LON:MPL) Trading Down 15.8% – Here’s Why

Shares of Mercantile Ports & Logistics Limited (LON:MPL) dropped 15.8% during mid-day trading on Thursday . The company traded as low as GBX 1.60 and last traded at GBX 1.60. 8,179,529 shares traded hands during trading, a decline of 22% from the average session volume of 10,460,710 shares. The stock had previously closed at GBX 1.90.

Mercantile Ports & Logistics Price Performance

The firm has a market cap of £5.70 million, a PE ratio of -0.20 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. The company has a 50 day moving average price of GBX 1.46 and a 200 day moving average price of GBX 0.96.

Mercantile Ports & Logistics (LON:MPL) last released its quarterly earnings data on Tuesday, June 30th. The company reported GBX (0.08) earnings per share 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.