Mercantile Ports & Logistics (LON:MPL) Stock Price Up 19.3% – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL) shot up 19.3% during trading on Monday. The stock traded as high as GBX 3.50 and last traded at GBX 3.30. Approximately 9,657,416 shares traded hands during trading, a decline of 8% from the average daily volume of 10,487,788 shares. The stock had previously closed at GBX 2.77.

Mercantile Ports & Logistics Price Performance

The business has a 50 day simple moving average of GBX 2.59 and a two-hundred day simple moving average of GBX 1.44. 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 firm has a market capitalization of £11.59 million, a P/E ratio of -1.48 and a beta of 0.41.

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