Mercantile Ports & Logistics (LON:MPL) Stock Price Down 10.6% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price fell 10.6% during mid-day trading on Wednesday. The stock traded as low as GBX 3.50 and last traded at GBX 3.80. Approximately 21,908,410 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 10,836,021 shares. The stock had previously closed at GBX 4.25.

Mercantile Ports & Logistics Price Performance

The company’s 50-day moving average price is GBX 1.78 and its two-hundred day moving average price is GBX 1.43. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The company has a market capitalization of £13.54 million, a P/E ratio of -0.47 and a beta of 0.41.

Mercantile Ports & Logistics (LON:MPL) last released its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.90) earnings per share (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.