Mercantile Ports & Logistics (LON:MPL) Stock Price Down 6.3% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL)’s share price traded down 6.3% during mid-day trading on Friday . The company traded as low as GBX 1.80 and last traded at GBX 1.92. 35,810,738 shares were traded during trading, an increase of 237% from the average session volume of 10,621,206 shares. The stock had previously closed at GBX 2.05.

Mercantile Ports & Logistics Price Performance

The company’s 50-day simple moving average is GBX 1.47 and its 200 day simple moving average is GBX 1. The company has a market cap of £6.84 million, a PE ratio of -0.24 and a beta of 0.41. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01.

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

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.