Mercantile Ports & Logistics (LON:MPL) Shares Up 16.7% – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPL) was up 16.7% during mid-day trading on Friday . The company traded as high as GBX 1.60 and last traded at GBX 1.40. 15,985,470 shares changed hands during trading, an increase of 46% from the average daily volume of 10,924,292 shares. The stock had previously closed at GBX 1.20.

Mercantile Ports & Logistics Stock Performance

The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01. The business’s 50-day moving average is GBX 1.45 and its 200 day moving average is GBX 0.87. The company has a market cap of £4.99 million, a PE ratio of -0.16 and a beta of 0.41.

Mercantile Ports & Logistics (LON:MPL) last posted 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.