Mercantile Ports & Logistics (LON:MPL) Stock Price Down 15.6% – Should You Sell?

Mercantile Ports & Logistics Limited (LON:MPL) traded down 15.6% on Thursday. The company traded as low as GBX 3.04 and last traded at GBX 3.04. 2,843,690 shares were traded during trading, a decline of 73% from the average session volume of 10,512,815 shares. The stock had previously closed at GBX 3.60.

Mercantile Ports & Logistics Stock Down 15.6%

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’s fifty day moving average price is GBX 2.47 and its 200-day moving average price is GBX 1.39. The company has a market cap of £10.83 million, a price-to-earnings ratio of -0.38 and a beta of 0.41.

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