Mercantile Ports & Logistics (LON:MPL) Sets New 1-Year High – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 3.70 and last traded at GBX 2.64, with a volume of 57821590 shares changing hands. The stock had previously closed at GBX 2.66.

Mercantile Ports & Logistics Stock Performance

The firm has a market capitalization of £9.40 million, a price-to-earnings ratio of -0.33 and a beta of 0.41. The company has a 50-day moving average price of GBX 1.57 and a 200-day moving average price of GBX 1.32. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03.

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