Mercantile Ports & Logistics (LON:MPL) Trading 20% Higher – Still a Buy?

Mercantile Ports & Logistics Limited (LON:MPL) shares traded up 20% during mid-day trading on Monday . The company traded as high as GBX 0.36 and last traded at GBX 0.36. 135,569 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 374,046 shares. The stock had previously closed at GBX 0.30.

Mercantile Ports & Logistics Price Performance

The firm has a market cap of £1.28 million, a P/E ratio of -0.04 and a beta of 0.41. 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 stock’s 50-day simple moving average is GBX 0.53 and its two-hundred day simple moving average is GBX 0.95.

Mercantile Ports & Logistics (LON:MPL) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX (0.05) 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.