Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report)’s share price dropped 10.3% during trading on Thursday . The stock traded as low as GBX 1.23 and last traded at GBX 1.39. 27,449,740 shares traded hands during mid-day trading, an increase of 143% from the average daily volume of 11,282,147 shares. The stock had previously closed at GBX 1.55.
Mercantile Ports & Logistics Stock Down 10.3%
The stock has a market capitalization of £4.95 million, a price-to-earnings ratio of -0.16 and a beta of 0.41. The business has a 50-day moving average of GBX 1.26 and a 200-day moving average of GBX 0.79. 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 – Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported GBX (0.08) earnings per share 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.
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